Cloud computing leaders salesforce.com and Google make the top three for third consecutive year
SAN FRANCISCO, USA and Dublin, Ireland: February 17, 2009 – Salesforce.com, 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 customised, 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 realising 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; annualised 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% annualised, and strong corporate governance practices. To view the entire list, visit http://www.forbes.com/forbes/2009/0216/048b.html.
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.
Ends Press queries to: Mary O’Brien or Kerri Crowley, Simpson FT PR, Tel: 01 260 5300
Salesforce.com is the enterprise cloud computing company. The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionised the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's Force.com AppExchange marketplace available at http://www.salesforce.com/appexchange/.
As of October 31, 2008, salesforce.com manages customer information for approximately 51,800 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, 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.
Copyright (c) 2009 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.
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://salesforce.com/uk/, or call 0800 0921223 .