For its fiscal 2009, which ended January 31, San Francisco-based Salesforce.com reported a cool $1.08 billion in revenue. An increase in revenue over the last three months contributed to a total increase of 34 percent from last year, bringing revenue to $290 million.

Chief Executive Marc Benioff, in a statement, suggested that Salesforce.com's subscription model benefited from the cost-cutting that resulted from the current economic crisis. He noted, "At a time when capital is precious, big-ticket software purchases just don't make sense." According to Forbes, the news generated a jump of 10 percent in its share prices to $30.93 in after-hours trading.

For more on this story:
- check out this article at CNET News
- check out this article at Forbes.com

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