John Paczkowski

Recent Posts by John Paczkowski

Excessive Salesforce

softwaredeadguyjpg“At a time when capital is precious, big-ticket software purchases just don’t make sense.” CEO Marc Benioff coughed up that oyster of a sound bite back in February, and judging from the company’s latest financials, it’s at least partly accurate. Salesforce posted a sizable increase in fiscal fourth-quarter profit on sales that rose 34 percent. Net income for the period was $18.4 million, or 15 cents a share, up from $9.6 million, or eight cents a share last year. Revenue rose 23 percent to $304.9 million. Quite a bit better than the 11 cents a share on $304.7 million in revenue analysts polled by Thomson Reuters had predicted.


Looking ahead, Salesforce (CRM) said its current quarter would miss analysts’ estimates, and it reduced its full-year revenue outlook, saying sales will fall between $1.25 billion and $1.27 billion. The Street, which had been looking for $1.3 billion, was not at all happy with that and promptly sent the company’s shares down 7.6 percent.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

— Valleywag editor Sam Biddle