reports record Q2 revenues

21 Aug 2009

Cloud computing software firm has reported Q2 revenues of US$316m, up 20pc year-on-year and profits of US$21.2m, up 20pc on last year.

The company, which played a key role in igniting the software as a service (SaaS) revolution, announced earnings per share of 17 cents, up 113pc on last year.

“We added 3,900 net new customers, bringing our total to more than 63,000, with our Service Cloud turning in its best quarter ever,” founder and CEO Marc Benioff said.

Future Human

Cash from operations for the second quarter was US$45.9m, down 14pc, while bankable assets stood at US$1.03bn, up by US$207m on last year.

By John Kennedy

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years