SalesForce is public and has P/E of 9500. http://finance.yahoo.com/q?s=CRM
The reason they don't miss earnings is that the expectation is so low. It doesn't matter, they're the 'cloud'.
The reason they don't miss earnings is that the expectation is so low. It doesn't matter, they're the 'cloud'.
According to GAAP rules, CRM's EPS was negative, so their P/E is undefined.
http://www.google.com/finance?q=NYSE:CRM
http://www.webpronews.com/salesforce-earnings-company-beats-...
Probably not the place for this, but I wouldn't touch CRM with a ten-foot pole. Read through the earnings report and look at all the fancy, non-GAAP accounting tricks they use, like booking deferred revenue. Remember when Zynga played those games? Pretty shady, in my opinion.
But, I'm no expert.