Enterprise cloud computing company ranked among Top 5
SAN FRANCISCO (August 24, 2010) – Salesforce.com (NYSE: CRM), the enterprise cloud computing company, announced it has been ranked fourth on FORTUNE’s 2010 “100 Fastest-Growing Companies” list. The full list and related stories appear in the Sept. 6, 2010 issue of FORTUNE, available on newsstands Monday, Aug. 23, and now at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/index.html.
Comments on the news
- “Cloud computing is taking the entire IT industry by storm,” said Marc Benioff, chairman and CEO of salesforce.com. “The momentum and growth we are seeing right now is just another proof point that the ‘End of Software’ has arrived.”
- FORTUNE Managing Editor Andy Serwer writes in the Sept. 6, 2010 issue, “The troubled economy is on all of our minds these days, but sometimes we forget that even in the long slog we seem to be in, entrepreneurs are hard at work creating the next Cisco or Amgen or Starbucks.”
To qualify for 100 Fastest-Growing Companies, foreign or domestic companies had to meet the following criteria: be trading on a major U.S. stock exchange; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2010; and have been trading continuously since June 30, 2007. The company must also have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2010. Finally, the company must have posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2010.
Companies that meet the above criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2010. (To compute the revenue and EPS growth rates, FORTUNE uses a trailing four quarters log linear least square regression fit.) The overall rank was based on the sum of the three ranks. Once the 100 companies were identified, they were then re-ranked within the 100, using the three equally weighted variables. If there is a tie, the company with the larger four-quarter revenue receives the higher rank.
This latest recognition follows salesforce.com being named to both FORTUNE’s 2009 and 2010 “100 Best Companies to Work for” list, winning two 2010 Stevie Awards for its innovation and corporate philanthropy, being named as one of the 100 Most Trustworthy Companies in 2010 by Forbes and CEO, Marc Benioff, being named one of FORTUNE’s 2010 50 Smartest People in Technology.
Additional Resources
- Follow @salesforce on Twitter
- Connect with salesforce.com on Salesforce.com/linkedin
- Follow salesforce.com on Salesforce.com/youtube
About salesforce.com
Salesforce.com is the enterprise cloud computing company. Based on salesforce.com’s real-time, multitenant architecture, the company’s platform and CRM applications (http://www.salesforce.com/crm) have revolutionized the way companies collaborate and communicate with their customers, including:
- The Sales Cloud, for sales force automation and contact management
- The Service Cloud, for customer service and support solutions
- Chatter, for social collaboration
- The Force.com platform, for custom application development
- The AppExchange, the world’s leading marketplace for enterprise cloud computing applications
Salesforce.com offers the fastest path to customer success with cloud computing. As of July 31, 2010, salesforce.com manages customer information for approximately 82,400 customers including Allianz Commercial, Dell, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.” For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.
Copyright (c) 2010 salesforce.com, inc. All rights reserved. Salesforce and the “no software” logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
Source: salesforce.com
Related Links
http://www.salesforce.com