The San Francisco company now expects revenue to be in the range of $710 million to $720 million for its fiscal year ending Jan. 31, 2008. On Nov. 15, 2006, Salesforce.com said that it expected revenue to be between $700 million and $710 million.
But more importantly, what are the reasons for the increased revenue?
Salesforce.com sees growing business from its computer software application sharing service AppExchange. On Dec. 12 the company announced a strategy to provide customers with a single source called “AppStore” for trying, buying, and deploying AppExchange applications. Salesforce.com hopes that AppStore will make purchasing on-demand applications as easy as buying music on Apple’s online music store iTunes.
That’s right. They “let” the developers make third-party apps for Salesforce.com. And what do we hear from Blackbaud? We hear a giant sucking sound… WHOOOSH!
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