This is how San Francisco millionaires live:
Click to expand
And inside the garage? A silver Prius, natch.
Salesforce.com Announces Fiscal Second Quarter Results
First Enterprise Cloud Computing Company to Exceed $2.1 Billion Annual Revenue Run Rate
– Record Quarterly Revenue of $546 Million, up 38% Year-Over-Year
– Raises FY12 Revenue Guidance to $2.22 Billion – $2.23 Billion
– Deferred Revenue of $935 Million, up 37% Year-Over-Year
– Operating Cash Flow of $83 Million, up 9% Year-Over-Year
– Company Record 6,300 Net New Customer Additions
– Total Customers Rise to 104,000, up 21,600 or 26% Year-Over-Year
SalesForce saved our bacon, you know, after our somewhat misguided BioTech Uber Alles approach to Mission Bay bit the dust.
Plus, CEO and Fouder Marc Benioff just kicked in nine(!) figures to build a new UCSF Childrens Hospital.
See? What it will look like:
See you at DreamForce 2011!
All the deets:
SAN FRANCISCO, Aug. 18, 2011 – Salesforce.com (NYSE: CRM), the enterprise cloud computing (http://www.salesforce.com/cloudcomputing/) company, today announced results for its fiscal second quarter ended July 31, 2011.
“We’re expecting over 40,000 people to register for Dreamforce which takes place in San Francisco later this month. It’s the cloud event of the year where attendees can learn how to supercharge their relationships with employees and customers using social, mobile and open cloud technologies,” said Marc Benioff, Chairman and CEO, salesforce.com. “We hope to see you there.”
Salesforce.com delivered the following results for its fiscal second quarter:
Revenue: Total Q2 revenue was $546 million, an increase of 38% on a year-over-year basis. Subscription and support revenues were $509 million, an increase of 38% on a year-over-year basis. Professional services and other revenues were $37 million, an increase of 44% on a year-over-year basis.
Earnings per Share: Q2 GAAP net loss per share was ($0.03), and non-GAAP diluted earnings per share increased 3% year-over-year to $0.30. These GAAP and non-GAAP results include a one-time charge of $0.04 per diluted share associated with the legal settlement disclosed in the Form 8-K filed on June 15, 2011. The company’s non-GAAP results exclude the effects of approximately $55 million in stock-based compensation expense, approximately $19 million in amortization of purchased intangibles, and approximately $3 million in net non-cash interest expense related to the company’s convertible senior notes. Non-GAAP EPS calculations are based on 143 million diluted shares outstanding during the quarter, including approximately 4 million shares associated with the convertible senior notes and warrants. GAAP EPS calculations are based on a basic share count of approximately 135 million shares.
Customers: Net paying customers rose approximately 6,300 during the quarter to finish at approximately 104,000. This was a quarterly record for the company. Since July 31, 2010, the company added 21,600 net paying customers, an increase of 26% on a year-over-year basis. As discussed on May 19, 2011, the company will no longer provide the customer metric on a quarterly basis, but expects to provide periodic updates on achievement of customer milestones in the future.
Cash: Cash generated from operations for the fiscal second quarter was $83 million, an increase of 9% on a year-over-year basis. Total cash, cash equivalents and marketable securities finished the quarter at approximately $1.3 billion.
Deferred Revenue: Deferred revenue on the balance sheet as of July 31, 2011 was $935 million, an increase of 37% on a year-over-year basis.
As of August 18, 2011, salesforce.com is initiating guidance for its third quarter of fiscal year 2012. In addition, the company is raising its prior full fiscal year 2012 revenue guidance and updating its projected full fiscal year 2012 GAAP and non-GAAP EPS guidance previously provided on May 19, 2011.
On it goes
Well let’s see here, now of course, Marc Benioff of Salesforce.com is spending 8 figures to pay for the UCSF Children’s Hospital they’re building at Mission Bay right now.
OTOH, Larry Ellison of Oracle wants us to pay him and give him land so that San Francisco can be forced to watch his little boat race:
Oh, wait, that’s not Larry Ellison, here he is, flipping off the competition as he sails by on his little boat.
Hurray Larry! We all love you, Larry! All your ex-wives let you down, but it wasn’t your fault, Larry, it was all their fault, you’re the greatest, Larry!
When Eric Cartman saved South Park he wanted just one reward – he wanted to play with his toy truck, but, also, he wanted another child to be forced to watch. See?
In this image, the toy truck is the America’s Cup, Cartman is Ellison, and Kyle back there, he’s the people of San Francisco, sold down the river, once again.
So, if you’re getting pressured to “donate” to Larry’s little boat race to “help the town” or whatever, that’s fine, do it if you want. You’ll be sure to get access to the “V.I.P.” tent or whatever and you’ll get some swag like a souvenir windbreaker or something, that’s fine.
Or, instead, you can do something real and donate to UCSF Mission Bay. (Last I heard, they needed something north of half a bil., all told)
It’s your choice.
Anyway, the results are in: Marc Benioff is the Better Bay Area Billionaire.