Forbes -
18 May 2015 19:43
Despite the burgeoning top-line, Salesforce has failed to achieve a quarterly net profit since July 2011. In fiscal 2015, lower marketing and administrative expenses helped the company narrow its GAAP operating loss to -3%, compared to -7% in fiscal 2014. Its non-GAAP operating margin stood at 10.7%, which was an improvement of 175 basis points over fiscal 2014. Salesforce intends to focus on its cost saving and efficiency measures in fiscal 2016 and expects to improve its non-GAAP operating mar...
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