Sridhar got interviewed for FOX Business’ special series, ‘ Three Days in the Valley’.
From the interview,
Claman asked Vembu of his recent decision to turn down an offer from SalesForce.com to acquire Zoho.
“I see a big potential in this, so we really are not selling anything,” Vembu said.
When asked if the company was making more than $1 million a month, Vembu replied, “It’s a lot more than that. We don’t disclose numbers, but it’s a lot more than that,” he said. With regard to an IPO, Vembu said, “It’s not something we are focused on right now. We are focused on building and serving the customers right now. When asked about selling the company, he replied, “Never say never in business, but we are actually in this for the long haul.”