Salesforce Com Inc (CRM) 10-K Annual Report Fri Mar 06 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Salesforce Com Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.7: Material Contract

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

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