Marc Benioff Is Thinking Bigger

Salesforce beat Wall Street expectations and its investors benefited generously. After announcing revenue of $632 million, up 38% from a year ago, shares jumped 10% in after-hours trading. That puts the already pricey stock in the stratosphere. On a GAAP basis, the company is unprofitable. As my colleague Eric Savitz notes in his digest of earnings, Salesforce now trades at close to 90x projected January 2013 fiscal year earnings.
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