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Castrese Tipaldi

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  • Benioff's Bombastic Boasting Can't Hide Salesforce's Expenses Bomb [View article]
    I did forget....

    Of those 294 mln $ CRM cash earnings from operations, 166 mln came from options exercise.
    Go figure!
    Aug 24 12:21 PM | 3 Likes Like |Link to Comment
  • Benioff's Bombastic Boasting Can't Hide Salesforce's Expenses Bomb [View article]
    Great article!
    I'd like to add a few hard, cold numbers and a comparison.

    In the last six months, CRM had 1,427 mln $ in sales, 294.14 mln in cash earnings from operations* and 78.13 mln in capital expenditures.

    In the same period, DELL had 28,905 mln $ in sales, 2,313 mln in cash earnings from operations* and 262 mln in capital expenditures.

    Yet, the market value the CRM enterprise 4 bln $ more than DELL!
    47 times the annualized free cash flow against 4!!!

    I guess it's because of that famous market efficiency.

    * before changes in the working capital
    Aug 24 11:44 AM | 3 Likes Like |Link to Comment
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