Cloud Computing Company Posts 26% Revenue Growth In Fourth Quarter - HPC ASIA
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Cloud Computing Company Posts 26% Revenue Growth In Fourth Quarter

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TheStreet’s Jim Cramer says Salesforce.com founder Marc Benioff is delivering on social, mobile, cloud, connectivity and he’s winning on all fronts. The cloud software company posted 26 percent revenue growth in the fourth quarter. Salesforce’s revenue for the full fiscal year grew to $5.4 billion. Cramer points out that the company reached $5 billion faster than any other enterprise software company. He says there is tremendous operating cash flow here and that’s good enough for him. Cramer advises investors to watch the consumer packaged goods segment because that’s where Benioff starting to take a lot of share. Marc Benioff is one of Jim Cramer’s ‘Bankable 21′ CEOs listed in his latest book, ‘Get Rich Carefully.’

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