Salesforce.com (CRM -0.6%) will grow its annual sales from $3B in 2013 to $8B in 2016, thinks...

|By:, SA News Editor

Salesforce.com (CRM -0.6%) will grow its annual sales from $3B in 2013 to $8B in 2016, thinks FBR, which notes Microsoft and Oracle are the only software companies to have ever shown a similar growth trajectory. The firm sees both Salesforce's flagship Sales Cloud solution and a slew of newer products (I, II, III) fueling a 25%-30% CAGR over the next 4 years, and sees its market cap eventually rising to $50B from a current $22B.