Software CEOs Take on the Economy

In recent weeks, some big-name tech execs have said that they think the economy has hit a bottom. On Wednesday and Thursday, some smaller–although still pretty large–software companies reported earnings, and their CEOs were a little less rosy about the end of the recession.

Salesforce.com (CRM) on Thursday reported a 23 percent increase in revenue from the year-ago period. But the company lowered its full year revenue outlook from between $1.3 billion and $1.33 billion to between $1.25 billion and $1.27 billion.

Marc Benioff, CEO of the online-software maker, didn’t sound like a man who believes the worst is over. He said during a conference call that new customers are taking longer to make decisions and that existing ones aren’t expanding the way they historically have. And he balked when asked if the company’s month-by-month performance indicated any trends: “I feel most comfortable really just delivering these aggregate results right now,” he said.

Read the rest of this post on the original site


comments so far. Add yours.

Must-Reads from other Web sites

Daniel Terdiman

Meet the Tireless Entrepreneur Who Squatted at AOL

Felix Salmon

Mark Zuckerberg’s Unpleasant New Life

Simon Rogers

Anyone Can Do It. Data Journalism Is the New Punk.

Rachel Strugatz

Fashion World Mulls Facebook IPO’s Impact

Jeffrey R. Young

The Unabomber’s Pen Pal

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.

Latest Video

View all videos »

Search »