Salesforce Crushes it with Earnings - August 22, 2009 at 12:20 pm

If there was any doubt remaining about the viability of Cloud Computing for enterprise companies, that doubt should now be summarily dismissed. The company (symbol: CRM) reported earnings Thursday night that were well above last year’s results, and beyond what analysts expected to see. Their shares leapt 16% yesterday after reporting earnings of $21.2m on revenue of $316m, versus $10m on revenue of $61m a year ago.

Given the current business environment, it’s no wonder Cloud Computing is flying high. With no capital expenditure required, no hardware to maintain, and near infinite scalability without IT resource involvement, the business case is crystal clear. If you’re not yet a salesforce.com user, the only question you should be asking yourself is how long you can afford to not be.

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