Corporate Giant Salesforce Tells Indiana: Goodbye

Marc Benioff, executive of Salesforce the international CRM (Customer Relationship Management) Giant took a stand today in the passage of Indiana's "religious freedom" legislation.

Today we are canceling all programs that require our customers/employees to travel to Indiana to face discrimination. http://t.co/...

— Marc Benioff (@Benioff) March 26, 2015

Benioff didn't stop there, though, he began urging other corporations to pull out as well:

Have you asked your company's CEO how they are responding to the Indiana discrimination bill now?  http://t.co/...

— Marc Benioff (@Benioff) March 26, 2015

http://recode.net/...

And in an interview with Re/code, Benioff threatened the state with a “slow rolling of economic sanctions” if the law is not thrown out.

“We’ve made significant investments in Indiana. We run major marketing events and conferences there. We’re a major source of income and revenue to the state of Indiana, but we simply cannot support this kind of legislation,” Benioff said in a phone interview.

Salesforce has had an fantastic year in the CRM business, boosting sales year over year by 11%

http://uk.businessinsider.com/...

Salesforce's stock went crazy in after-hours trading the company reported its year-end earnings. As we write this, the stock is up 11% to a new all-time high of $69.80.

Salesforce posted a good year, meeting analysts' high expectations exactly — it grew top-line revenue 32% to $5.37 billion and non-GAAP EPS to 14 cents.

But that's not what made investors so bullish.

CEO Marc Benioff promised that Salesforce would hit about $6.5 billion in revenue by the end of its 2016 fiscal year, while growing growing non-GAAP profits to $0.67 to $0.69 per share.

Benioff noted to investors that Salesforce balance sheet- which he projects to $10B is the fastest growth he's seen with the company and he expects it to keep growing.

His urgings on twitter are starting a national boycott led by major companies against Indiana.

Thank you @mlevchin ceo of HVF and founder of @GlowHQ, Affirm, Slide, and PayPal. pic.twitter.com/EsQaTgp6RI

— Marc Benioff (@Benioff) March 26, 2015