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Salesforce Com Inc (CRM) SEC Filing 10-K Annual report for the fiscal year ending Saturday, January 31, 2015

SEC Filings

Salesforce Com Inc

CIK: 1108524 Ticker: CRM


Exhibit 99.1
John Cummings
Salesforce
Investor Relations
415-778-4188
jcummings@salesforce.com
Chi Hea Cho
Salesforce
Public Relations
415-281-5304
chcho@salesforce.com


Salesforce Announces Fiscal 2015 Fourth Quarter and Full Year Results
Surpasses $5 Billion in Annual Revenue Faster Than Any Other Enterprise Software Company

Quarterly Revenue of $1.44 Billion, up 26% Year-Over-Year
Full Year Revenue of $5.37 Billion, up 32% Year-Over-Year
Deferred Revenue of $3.32 Billion, up 32% Year-Over-Year
Unbilled Deferred Revenue of Approximately $5.7 Billion, up 27% Year-Over-Year
Full Year Operating Cash Flow of $1.17 Billion, up 34% Year-Over-Year
Initiates First Quarter Revenue Guide of $1.485 - $1.505 Billion
Raises FY16 Revenue Guidance Range to $6.475 Billion to $6.520 Billion

SAN FRANCISCO, Calif. - February 25, 2015 -
Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, today announced results for its fiscal fourth quarter and full fiscal year ended January 31, 2015.

“Salesforce delivered yet another year of exceptional growth, with revenue, deferred revenue and operating cash flow all growing more than 30%, while exceeding our expectations in non-GAAP operating margin improvement,” said Marc Benioff, Chairman and CEO, Salesforce. “Salesforce reached $5 billion in annual revenue faster than any other enterprise software company and now it’s our goal to be the fastest to reach $10 billion.”

Salesforce delivered the following results for its fiscal fourth quarter and full fiscal year 2015:    

Revenue: Total Q4 revenue was $1.44 billion, an increase of 26% year-over-year, and 29% in constant currency. Subscription and support revenues were $1.35 billion, an increase of 25% year-over-year. Professional services and other revenues were $99 million, an increase of 41% year-over-year.

Full fiscal year 2015 revenue was $5.37 billion, an increase of 32% year-over-year, and 33% in constant currency. Subscription and support revenues were $5.01 billion, an increase of 31% year-over-year. Professional services and other revenues were $360 million, an increase of 46% year-over-year.

Earnings per Share: Q4 GAAP loss per share was ($0.10), and diluted non-GAAP earnings per share was $0.14. The company’s non-GAAP results exclude the effects of $152 million in stock-based compensation expense, $40 million in amortization of purchased intangibles, $8 million in net non-cash interest expense related to the company’s convertible senior notes, and are based on a projected long-term non-GAAP tax rate of 36.5%. GAAP EPS calculations are based on a basic share count of approximately 637 million shares. Non-GAAP EPS calculations are based on approximately 647 million diluted shares outstanding during the quarter.

For the full fiscal year 2015, GAAP loss per share was ($0.42), and non-GAAP diluted earnings per share was $0.52. The company’s non-GAAP results exclude the effects of $565 million in stock-based compensation expense, $155 million in amortization of purchased intangibles, $16 million in gains on sales of land and building improvements, $47 million in net non-cash interest expense related to the company’s convertible senior notes, including the related loss on conversions of our convertible 0.75% senior notes, due 2015, and are based on a projected long-term non-GAAP tax rate of 36.5%. GAAP EPS calculations are based on a basic



The following information was filed by Salesforce Com Inc (CRM) on Wednesday, February 25, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Document And Entity Information
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts (details)
Condensed Consolidated Statements Of Operations (parenthetical)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders’ Equity
Consolidated Statements Of Stockholders’ Equity (parenthetical)
Business Combinations
Business Combinations (consideration Transferred) (details)
Business Combinations (estimated Fair Values Of Assets Acquired And Liabilities Assumed) (details)
Business Combinations (expected Future Amortization Expense For Purchased Intangible Assets) (details)
Business Combinations (goodwill) (details)
Business Combinations (intangible Assets Acquired From Business Combinations) (details)
Business Combinations (intangible Assets Acquired) (details)
Business Combinations (narrative) (details)
Business Combinations (tables)
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Commitments (tables)
Commitments - Additional Information (detail)
Commitments - Schedule Of Future Minimum Lease Payments Under Non-cancelable Operating And Capital Leases (detail)
Debt
Debt (tables)
Debt - Additional Information (detail)
Debt - Components Of Warrants (detail)
Debt - Schedule Of Conversion Of Senior Notes To Common Stock (detail)
Debt - Schedule Of Convertible Senior Notes (detail)
Debt - Schedule Of Interest Expense (detail)
Debt - Summary Of Convertible Senior Notes (detail)
Debt - Summary Of Hedge Notes (detail)
Earnings/loss Per Share
Earnings/loss Per Share (tables)
Earnings/loss Per Share - Reconciliation Of Denominator Used In Calculation Of Basic And Diluted Loss Per Share (detail)
Earnings/loss Per Share - Shares Excluded From Diluted Earnings Or Loss Per Share (detail)
Employee Benefit Plan
Employee Benefit Plan (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Domestic And Foreign Components Of Income (loss) Before Provision (benefit) For Income Taxes (details)
Income Taxes - Reconciliation Of Statutory Federal Income Tax Rate (details)
Income Taxes - Schedule Of Income Taxes Provision (benefit) (details)
Income Taxes - Schedule Of Unrecognized Tax Benefits (details)
Income Taxes - Significant Components Of Deferred Tax Assets And Liabilities (details)
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Investments - Effect Of Derivative Instruments Not Designated As Hedging Instruments On Condensed Consolidated Statements Of Operations (detail)
Investments - Fair Value Of Outstanding Derivative Instruments (detail)
Investments - Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis (detail)
Investments - Schedule Of Components Of Investment Income (detail)
Investments - Schedule Of Marketable Securities (detail)
Investments - Schedule Of Marketable Securities In Unrealized Loss Position (detail)
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Investments - Schedule Of Short-term And Long-term Marketable Securities (detail)
Legal Proceedings And Claims
Other Balance Sheet Accounts
Other Balance Sheet Accounts (tables)
Other Balance Sheet Accounts - Additional Information (detail)
Other Balance Sheet Accounts - Schedule Of Accrued Expenses And Other Current Liabilities (detail)
Other Balance Sheet Accounts - Schedule Of Capitalized Software Costs (detail)
Other Balance Sheet Accounts - Schedule Of Other Assets (detail)
Other Balance Sheet Accounts - Schedule Of Other Non Current Liabilities (detail)
Other Balance Sheet Accounts - Schedule Of Prepaid Expenses And Other Current Assets (detail)
Property And Equipment
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Property And Equipment (tables)
Property And Equipment - Additional Information (detail)
Related-party Transactions
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Selected Quarterly Financial Data (unaudited)
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Selected Quarterly Financial Data (unaudited) (tables)
Stockholders' Equity
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Stockholders' Equity - Additional Information (detail)
Stockholders' Equity - Schedule Of Restricted Stock Activity (detail)
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Stockholders' Equity - Stock Activity (detail)
Stockholders' Equity - Stock Options Outstanding (detail)
Subsequent Events
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Summary Of Business And Significant Accounting Policies
Summary Of Business And Significant Accounting Policies (policies)
Summary Of Business And Significant Accounting Policies (tables)
Summary Of Business And Significant Accounting Policies - Additional Information (detail)
Summary Of Business And Significant Accounting Policies - Revenues By Geographical Region (detail)
Summary Of Business And Significant Accounting Policies - Schedule Of Assumptions Used To Calculate Fair Value Of Options Granted (detail)
Summary Of Business And Significant Accounting Policies - Schedule Of Property And Equipment Estimated Useful Lives (detail)
Ticker: CRM
CIK: 1108524
Form Type: 10-K Annual Report
Accession Number: 0001108524-15-000008
Submitted to the SEC: Thu Mar 05 2015 6:19:38 PM EST
Accepted by the SEC: Fri Mar 06 2015
Period: Saturday, January 31, 2015
Industry: Prepackaged Software

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