Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
Salesforce.com
CEO: Marc Benioff
Dec. 30, 2016: $68.46
March 31, 2017: $82.49
Change: +20.50%
For its fiscal 2017 ended Jan. 31 Salesforce.com reported revenue of $8.39 billion, up nearly 26 percent from $6.67 billion in fiscal 2016. Perhaps even more significant was the $179.6 million in net income the cloud software company reported for the fiscal year versus the $47.4 million loss in fiscal 2016.
Salesforce is projecting that revenue in fiscal 2018 will be between $10.15 billion and $10.20 billion, a year-over-year increase of 21 percent to 22 percent. CEO Marc Benioff has long vowed to be the first cloud software company to hit the $10 billion revenue threshold.