Salesforce, Workday Sales Grow as Cloud Software Shines

Grazed from TopTechNews.  Author: Jeremy Owens.

Silicon Valley's cloudy outlook for software Relevant Products/Services grew stronger in 2014, as Salesforce and Workday sales continued to pile up, and investors bet Wednesday that the growth will continue in 2015 and beyond.

Salesforce, a pioneer in software-as-a-service offerings, topped $5 billion in annual revenues for the first time thanks to a fourth quarter that exactly matched analysts' expectations for both adjusted profits and revenues, according to Thomson Reuters calculations. The San Francisco company reported a quarterly loss of $65.8 million, or 10 cents a share, on sales of $1.44 billion in its fourth quarter, which stretched to Jan. 31; after adjusting for stock-based compensation and other costs, Salesforce said profits were 14 cents a share...

"Salesforce reached $5 billion in annual revenue faster than any other enterprise Relevant Products/Services software company and now it's our goal to be the fastest to reach $10 billion," CEO Marc Benioff said in Wednesday's announcement...

Read more from the source @ http://www.toptechnews.com/article/index.php?story_id=123003UIRHR6