They said they are growing so fast and need space faster than they can build it.. Wow!! http://www.bizjournals.com/sanfrancisco/news/2012/02/27/salesforce-suspends-campus-development.html?ana=yfcpc
Button line is they are losing money. The price they can charge for their service is be cut by 65%. They have use smoke and mirrors to cover up what they can.
The part that makes me mad is the analyst focused on non-GAAP numbers Exceed expectations making 43 cents instead of 40 cents. Of course they were going to make non-GAAP number.
Look at GAAP. They expected to lose 2 cents a share. But they lost 9 cents. Talk about a big miss.
How can anyone investing real money ignore this?
"the emperor has no clothes" or should I say " salesforce.com has no clothes"
I am amzed that they expect to make 2.47/ share in fy 2013 from stock options being excercised and still only make like 1.50 on a non gaap basis, the amount of money being bled from the business itself is unreal, what are they going to do quit paying orcl, msft, rht, fio,, etc, the business model is not sustainable
No need to follow rumor. Footnote 3 of Financials explain stock based compensation. I find interesting the disclosure on page 41 of $820.6 million of future expense for stock based compensation already issued!
Deanjones....nice to see someone else here with a brain who understands the difference between CRM GAAP and non-GAAP eps.
Yes...they will always beat non-GAAP eps, because they make it up folks!!! It's all fantasy #s.
They are spending more money than they make....period.
Yes - the stock is manipulated. Those who think that is impossible are just plain ignorant of Wall Street reality.
duh, of course they could - but it would be foolish. They borrowed for 0% when they issued a convertible. And, it is foolish to build a corporate campus now, in the first place.
Your nutty posts are irritating. You are ignored.