Cloud Computing: Salesforce delivers another billion dollar quarter, $5bn in annual revenue, shares skyrocket
February 26, 2015
Grazed from CloudTech. Author: James Bourne.
Cloudy software provider Salesforce has announced its latest financial results, with $5.37bn (£3.46bn) in total annual revenue and another billion dollar quarter. The results were in line with Wall Street’s expectations, with earnings per share at $0.14 and a year on year growth of 26.1%.
It certainly seems a long way since 2009, when Salesforce’s first billion dollar annual figures arrived, and late 2013, when the first billion dollar quarter arrived. CEO Marc Benioff saw the latter, understandably, as a major achievement initially – it’s now almost de facto…
“Salesforce delivered yet another year of exceptional growth, with revenue, deferred revenue and operating cash flow all growing more than 30%,” Benioff said in a statement. “Salesforce reached $5 billion in annual revenue faster than any other enterprise software company and now it’s our goal to be the fastest to reach $10 billion.”…
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