Summary
Salesforce, Inc. (CRM) filed an 8-K on December 18, 2017, to provide updated unaudited pro forma financial information for the fiscal year ended January 31, 2017. This filing is in advance of future registration statements and its Form 10-K. The primary focus of this pro forma information is to present the combined financial results of Salesforce and its acquisition of Demandware, Inc. as if the acquisition had occurred at the beginning of the fiscal year (February 1, 2016).
Key Highlights
- 1Updated unaudited pro forma financial information provided for the fiscal year ended January 31, 2017.
- 2Information presented reflects the acquisition of Demandware, Inc.
- 3Pro forma results are presented as if the Demandware acquisition occurred on February 1, 2016.
- 4This update is in anticipation of future registration statements with the SEC.
- 5The pro forma data excludes results of other acquired companies, focusing solely on Demandware's impact.
- 6Exhibit 99.1 contains the detailed unaudited pro forma combined financial statements and related notes.
Frequently Asked Questions
Salesforce is filing this 8-K to provide updated unaudited pro forma financial information for the fiscal year ended January 31, 2017. This is being done in advance of any future registration statements they might file with the SEC and their annual Form 10-K.
The pro forma financial information specifically relates to the acquisition of Demandware, Inc. It presents the combined results of Salesforce and Demandware as if the acquisition had taken place at the beginning of the fiscal year, February 1, 2016.
No, this particular pro forma information focuses solely on the impact of the Demandware, Inc. acquisition. It does not include the results of any other acquired companies during the period from February 1, 2016, to January 31, 2017.
The detailed unaudited pro forma combined financial information for Salesforce and Demandware, along with the accompanying notes, is provided as Exhibit 99.1 to this Form 8-K filing.