“It’s been an amazing year, just amazing,” beamed Marc Benioff, co-founder and CEO of Salesforce.com (NYSE:CRM) on today’s earnings call. Investors are agreeing: Salesforce’s stock jumped over 7% in after-hours trading, to $144 a share, beating highs reached earlier this week — and following upgrades by financial analysts.
The company grew revenues 29% to $457 million in its most recent quarter. Salesforce beat its own revenue projections for the year by some $100 million. That additional growth funded a whopping 40% ramp up in sales capacity, but those new hires are taking a bite out of profits, which reached 8 cents a share, compared to 16 cents a year ago.
Salesforce is on track to grow sales to $2 billion in the upcoming fiscal year. It reached the $1 billion mark just two years ago.
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