It seems interesting, but I'd agree - it's garbage. Google is so far behind Microsoft on the Spreadsheet and Word processor front that their products are unusable for even minor business applications. Could you imagine running the books of a public corporation on Google's cloud spreadsheet software?
Take a look at these tidbits:
Even Genentech, the biggest U.S. company to buy Google's applications package so far, isn't ready to abandon Microsoft entirely. It's still licensing Microsoft programs like Word for writing documents and Excel for creating spreadsheets.
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Benioff's San Francisco-based company is now the largest cloud computing service for businesses, with a market value of $4 billion, about 52,000 customers and revenue totaling $1 billion in its past four fiscal quarters.
But Salesforce's income of $37 million during that time translates into a measly $3.70 profit on every $100 in sales. That looks anemic alongside Oracle's net margin of about $24.80 for every $100 in sales in the comparable period.
And San Mateo-based NetSuite still hasn't eked out its first quarterly profit after a decade in business, despite steady growth that boosted its revenue during the past four quarters to $143 million.
The slim profit margins reflect the expenses cloud computing providers must absorb to build big data centers and hire the engineers to run their software applications, while they charge relatively modest fees to use their service. What's more, they don't require their customers to pay additional money for product updates and maintenance â a gold mine for traditional software makers.
Crappy products and no profit margin. Sign me up!
Quote from krazykarl:
My background and job is in computer science.
Guys, stop drinking the kool-aid. The cloud doesn't use new technology and is just a rehashing of old tools. Please don't get suckered in by this garbage.
