For years, CEO of Salesforce.com Marc Benioff appeared in public wearing an "End of Software" button on his lapel -- just to rankle Bill Gates, Larry Ellison, or any other software mugwump making a killing on selling packaged applications.
Nowadays, the peripatetic entrepreneur might just as well swap the old buttons out with a replacement bearing a new slogan: "Told you so."
His company, Salesforce.com, which posted record fourth-quarter revenue, raised its outlook for its next fiscal year to between $1.03 billion and $1.035 billion. The company, which has become closely identified with the move toward software as a service, has registered 85 percent annualised sales growth over the last five years.
But Salesforce.com now has company. Among other new rivals, the company will butt heads increasingly with Microsoft, which has committed itself to offering more software services via the Internet.
Microsoft, Tech News