Customers can use and customize an application as though they each have a separate instance, and their data and customizations remain secure and insulated from the activities of all other tenants. Multi-tenancy is an architectural approach that allows us to operate a single application instance for multiple organizations, treating all customers as separate tenants who run in virtual isolation from each other. Except as required by law, we undertake no obligation to revise or update publicly any forward-looking statements for any reason. Readers are directed to risks and uncertainties identified below under “Risk Factors” and elsewhere in this report for additional detail regarding factors that may cause actual results to be different than those expressed in our forward-looking statements. These and other risks and uncertainties may cause our actual results to differ materially and adversely from those expressed in any forward-looking statements. These forward-looking statements are based on current expectations, estimates and forecasts, as well as the beliefs and assumptions of our management, and are subject to risks and uncertainties that are difficult to predict, including the effect of general economic and market conditions the impact of foreign currency exchange rate and interest rate fluctuations on our results our business strategy and our plan to build our business, including our strategy to be the leading provider of enterprise cloud computing applications and platforms our international expansion strategy our service performance and security the expenses associated with new data centers and third party infrastructure providers additional data center capacity real estate and office facilities space our operating results new services and product features our strategy of acquiring or making investments in complementary businesses, joint ventures, services, technologies and intellectual property rights our ability to successfully integrate acquired businesses and technologies our ability to continue to grow and maintain deferred revenue and unbilled deferred revenue our ability to protect our intellectual property rights our ability to develop our brands our ability to realize the benefits from strategic partnerships and investments our reliance on third- party hardware, software and platform providers our dependency on the development and maintenance of the infrastructure of the Internet the effect of evolving government regulations, including import and export controls the valuation of our deferred tax assets the potential availability of additional tax assets in the future the impact of new accounting pronouncements, the impact of expensing stock options and other equity awards the sufficiency of our capital resources factors related to our outstanding convertible notes, revolving credit facility, term loan and loan associated with 50 Fremont compliance with our debt covenants and capital lease obligations and current and potential litigation involving us. Words such as “expects,” “anticipates,” “aims,” “projects,” “intends,” “plans,” “believes,” “estimates,” “seeks,” “assumes,” “may,” “should,” “could,” “would,”“foresees,” “forecasts,” “predicts,”“targets,” variations of such words and similar expressions are intended to identify such forward-looking statements, which may consist of, among other things, trend analyses and statements regarding future events, future financial performance, anticipated growth and industry prospects. This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
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