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Salesforce.com Named to Forbes' 'Fastest Growing Tech Companies' List for Second Consecutive Year
Salesforce.com (NYSE: CRM - News), the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), today announced it has once again been named to Forbes' "Fastest Growing Tech Companies" list. With annualized sales growth of 85 percent over the last five years, salesforce.com ranked second only to Google among an impressive list of technology innovators.
"We are at the forefront of a sea-change taking place in the technology industry today as businesses of all sizes, in virtually every industry, all over the globe, are adopting Software-as-a-Service and now Platform-as-a-Service over failed legacy client-server alternatives like never before," said Marc Benioff, chairman and CEO of salesforce.com. "This industry momentum and our strong financial results have led to our position amongst the leading and successful companies named to Forbes' 'Fastest Growing Tech Companies' list."
Selection criteria for Forbes' "25 Fastest Growing Tech Companies" included a minimum of $25 million in sales over the last four quarters; 10% annual sales gains over the five previous years; profitability over the past 12 months; and 10% estimated annual profit growth for the next three to five years. To view the list in its entirety, visit http://www.forbes.com/technology/2008/01/24/fastest-growing-technology-tech- fasttech08-cx_jr_pm_0124fastintro.html.
"We are at the forefront of a sea-change taking place in the technology industry today as businesses of all sizes, in virtually every industry, all over the globe, are adopting Software-as-a-Service and now Platform-as-a-Service over failed legacy client-server alternatives like never before," said Marc Benioff, chairman and CEO of salesforce.com. "This industry momentum and our strong financial results have led to our position amongst the leading and successful companies named to Forbes' 'Fastest Growing Tech Companies' list."
Selection criteria for Forbes' "25 Fastest Growing Tech Companies" included a minimum of $25 million in sales over the last four quarters; 10% annual sales gains over the five previous years; profitability over the past 12 months; and 10% estimated annual profit growth for the next three to five years. To view the list in its entirety, visit http://www.forbes.com/technology/2008/01/24/fastest-growing-technology-tech- fasttech08-cx_jr_pm_0124fastintro.html.
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