25 May Salesforce.com Report Strong Start to Fiscal 2012
Salesforce.com have reported a good start to the fiscal year, with revenues growing by 34% while deferred revenues have grown by 38% over the statistics from the same period last year.
Operating margins remain depressed as a result of recent purchases by the company coupled with investment into the company itself by the management.
Salesforce.com closed the previously announced acquisition of Radian6 in early May, which should add nearly $50 million in fiscal 2012 revenues. Purchases such as this have highlighted the firm's commitment to expanding into new territories and it is likely this that will lead to the company experiencing further success over the course of the year.