Brent Thill
Brent Thill
additional believe departure financial good impact indicator individual leading losing results talented
While losing a talented individual like Evans is not good news, we believe his departure will not have an impact on financial results and is not a leading indicator of additional departures.
balance beat company continues deferred expectation extremely financial huge million previous revenue rose sheet shows upside
The company beat our revenue expectation by $33 million, which is a huge upside surprise. All the financial metrics were extremely solid. Their balance sheet was spotless, and deferred revenue rose to $84.6 million from $46.7 million in the previous quarter, which shows that their backlog continues to strengthen.
address issues short
While we think these issues will be short lived, Salesforce.com need to address them aggressively, in our view.
calendar due expect half sales sluggish
We expect sluggish sales in the first half of 2006 due to a continuation of calendar 2005 themes.
absolute areas believe calendar call damage forecast heavy priority select shifted software spending stack strong supply towards year
We forecast strong spending on software applications in calendar year 2001. But the priority stack has shifted towards supply chain/B2B collaboration and select areas of CRM/content management. We believe the heavy damage is already done. While we can't call the absolute bottom, we believe we are nearing the trough.