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Projected 2012 sales growth: 30%
2013 growth: 24%
2014 growth: 20%
After the go-go 1990s, most technology companies have had to settle for more moderate growth in recent years. But
Salesforce.com(CRM - Get Report) managed to single-handedly develop a new technology niche: Customer relationship software. Sales teams can now track all kinds of information related to clients, allowing for better internal coordination and even greater communications flow with customers.
Back in 2005, this company wasn't yet a household name, as sales were under $200 million. Yet sales have been rising at least 20% every year ever since and show no signs of letting up. Sales exceeded $2 billion in the most recent fiscal year and should approach $4 billion by 2014.
Still, it's not a cheap stock, trading at more than 100 times forward earnings. Every year or two, shares take a hit on growth concerns, which has usually proven to be the better entry point for this stock.
Salesforce, one of the
3 Top Cloud Stocks to Own in 2012, was also highlighted recently in "
5 Technical Trades You're your Twitter Feed."