real-time news and commentary for investors
Wednesday, Jan 16
Having closed near its all-time high yesterday, Salesforce.com (CRM -2.6%) has spiked lower...
Having closed near its all-time high yesterday, Salesforce.com (CRM -2.6%) has spiked lower after filing a response to an SEC staff letter that was sent to CFO Graham Smith on Aug. 24. The letter asks for details about Salesforce's operating cash flow figures - in particular, the impact of working capital changes, the managing of accounts receivable, and factors that affect deferred revenue changes. It also asks Salesforce to break out U.S. sales, rather than just disclose Americas revenue. Some SA authors have taken aim at Salesforce's accounting in the past.