Salesforce.com Named #3 on Forbes "25 Fastest Growing Tech Companies" List
SAN FRANCISCO - February 12, 2009
Cloud computing leaders salesforce.com and Google make the top three for third consecutive year
- Salesforce.com [NYSE:
CRM], the enterprise cloud computing company, today announced it has been named to Forbes "25
Fastest Growing Tech Companies" List for the third consecutive year. Preceded by Google and
biotechnology company Illumina, salesforce.com was ranked as the third fastest growing technology
company with 40 percent earnings per share (EPS) growth and five-year sales growth of 72 percent.
Salesforce.com was noted for the success of its cloud computing model: "Salesforce.com's
51,000-plus customers can receive and exchange customized, real-time sales and customer information
without the overhead associated with the purchase and maintenance of software and information
technology (IT) infrastructure."
"It's no coincidence to see cloud computing companies at the top of Forbes list of the
fastest growing companies in tech," said Marc Benioff, chairman and CEO of salesforce.com. "Our
continued growth in 2008 is a testament to the growing number of companies of all sizes across all
industries that are realizing that the time is now to turn to cloud computing to grow their
revenue, not their costs."
Selection criteria for Forbes "25 Fastest Growing Tech Companies" included 12-month revenues
of $25 million or more; annualized sales gains of at least 10% over the past five years; a profit
over the past 12 months; a long-term consensus profit-growth forecast of at least 10% annualized,
and strong corporate governance practices. To view the entire list, visit
This latest distinction follows salesforce.com being named to Fortune's 2009 "100 Best
Companies to Work for" list; being rated among the top three IT vendors for Customer Satisfaction
in 2008 by VendorRate; winning SearchCRM.com's 2008 "Products of the Year" award, and being named
as one of the most influential companies for smart enterprises as part of the 10th Annual
Intelligent Enterprise 2009 Editors' Choice Awards.
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