Salesforce Expands Into Industry Verticals With Financial Services Cloud
September 3, 2015
Grazed from Forbes. Author: Editorial Staff.
Having scaled the peaks of the global customer relationship management software market, cloud computing vendor Salesforce.com has now expanded into cloud solutions for industry verticals. Industry verticals refer to cloud solutions specifically designed for particular industries. The newly released Salesforce Financial Services Cloud is Salesforce’s first such industry vertical offering. More products for the public sector, healthcare and life sciences verticals are slated to follow in the future.
Salesforce, which specializes in CRM solutions and is the leading vendor in this segment, is tackling slowing growth as it approaches a $7 billion annual revenue run rate. To be sure, the company is still managing to grow at over 20% year on year every quarter, but its track record of over 30% year on year growth rate may now be a thing of the past. Indeed, revenue growth of Salesforce’s flagship Sales Cloud has fallen to single digits in the last few quarters…
The company’s revenues are now being driven by the newer Service Cloud and the Salesforce1 platform…
Read more from the source @ http://www.forbes.com/sites/greatspeculations/2015/09/03/salesforce-expands-into-industry-verticals-with-financial-services-cloud/