"…For lack of a better word, they are simply bankable. Guys who have made us a lot of money in the past, who we'd be fools not to pay attention to when it comes to the future. Mark Benioff, CEO of Salesforce.com, CRM for all you home gamers, and perhaps the most bankable CEO I ever have on the show. Salesforce, which pioneered the software as a service business, where companies subscribe to get their enterprise software over the Internet, new model's a turbo-charged tech stock that still I believe has plenty of juice.
The last time we interviewed mark was on August 20th, after Salesforce.com had reported a truly blowout guide-up quarter. The stock was at $46.18. It's up 22% since then. That's what bankable means. I call that an incredible run. Especially when you consider a lot of tech stocks ran out of octane during that period. And I think Salesforce has a terrific future ahead. I think we're in early thanks to some of its new the company started a new platform called force.com that helps its business customers take advantage of cloud, stay tuned. You'll find out what that really means. It's a huge new market that and delivery of applications that run completely on the Internet, through outsourced network equipment. This saves customers time, saves them money. The platform gets applications delivered to their users faster. And where's the money made? Salesforce customers don't have expensive servers of their own. This new force.com platform will also be designed to work on all other cloud computing servers — providers like Amazon, Google, allowing the company's customers to build their own business applications trust me, this saves a fortune.
They're using only software delivered over the Internet. Basically, if you're a business that wants to design an application that works on Google's cloud computing network, you subscribe to Salesforce.com's platform and they give you all the tools you need.
Salesforce.com also making a push into customer service. The CEO sees it as a billion-dollar opportunity by 2013. He's being conservative.