Salesforce.com 2008 Annual Report Download - page 37

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Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with our audited consolidated financial statements and related notes
thereto and with Management's Discussion and Analysis of Financial Condition and Results of Operations, which are included elsewhere in this Form 10-K.
The consolidated statement of operations data for fiscal 2009, 2008 and 2007, and the selected consolidated balance sheet data as of January 31, 2009 and
2008 are derived from, and are qualified by reference to, the audited consolidated financial statements and are included in this Form 10-K. The consolidated
statement of operations data for fiscal 2006 and 2005 and the consolidated balance sheet data as of January 31, 2007, 2006 and 2005 are derived from audited
consolidated financial statements which are not included in this Form 10-K.
Fiscal Year Ended January 31,
(in thousands, except per share data) 2009 2008 2007 2006 2005
Consolidated Statement of Operations:
Revenues:
Subscription and support $ 984,574 $ 680,581 $ 451,660 $ 280,639 $ 157,977
Professional services and other 92,195 68,119 45,438 29,218 18,398
Total revenues 1,076,769 748,700 497,098 309,857 176,375
Cost of revenues (1):
Subscription and support 127,082 91,268 61,457 34,457 12,727
Professional services and other 93,389 80,323 57,433 34,669 20,727
Total cost of revenues 220,471 171,591 118,890 69,126 33,454
Gross profit 856,298 577,109 378,208 240,731 142,921
Operating expenses (1):
Research and development 99,530 63,812 44,614 23,330 9,822
Marketing and sales 534,413 376,480 252,935 149,598 96,311
General and administrative 158,613 116,508 84,257 47,986 30,268
Lease recovery — — — (285) —
Total operating expenses 792,556 556,800 381,806 220,629 136,401
Income (loss) from operations 63,742 20,309 (3,598) 20,102 6,520
Interest, net 22,667 24,493 14,784 7,657 2,621
Gain on sale of investment — 1,272 — — —
Other income (expense) (817) 139 1,310 439 12
Income before (provision) benefit for income taxes and minority interest 85,592 46,213 12,496 28,198 9,153
(Provision) benefit for income taxes (37,557) (23,385) (9,795) 1,310 (1,217)
Income before minority interest 48,035 22,828 2,701 29,508 7,936
Minority interest in consolidated joint venture (4,607) (4,472) (2,220) (1,034) (590)
Net income (2) $ 43,428 $ 18,356 $ 481 $ 28,474 $ 7,346
Net income per share:
Basic $ 0.36 $ 0.16 $ 0.00 $ 0.27 $ 0.10
Diluted 0.35 0.15 0.00 0.24 0.07
Weighted-average shares used in computing per share amounts:
Basic 121,183 116,840 112,386 107,274 75,503
Diluted 125,228 122,422 120,154 118,737 110,874
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