Salesforce reports revenues of over $330 million

revenues up

Salesforce has announced huge profits for the third quarter of this fiscal year.

At its Dreamforce conference being held this week in San Francisco, the company reported revenues exceeding $331 million (198 million) for the third quarter - a growth of 20 per cent compared to the same period last year - mostly down to subscriptions and support revenues.

The company has predicted even larger revenues of between $340 million to $342 million for the next quarter.

Marc Benioff, chairman and chief executive of Salesforce, said during his keynote speech at Dreamforce: "We now have almost 70,000 companies like you on our systems across the world with some of the largest most important companies in the world [e.g. EMC, VMware, Cisco]."

"It is amazing what is happening [with cloud computing]," he added.

Noting that there were over 19,000 delegates in attendance at the conference from 60 countries around the world, Benioff concluded: "The attendance is definitely a sign that something is happening here in the software industry... that will allow us to all come together, to all see the future, to understand it and create it."

Jennifer Scott

Jennifer Scott is a former freelance journalist and currently political reporter for Sky News. She has a varied writing history, having started her career at Dennis Publishing, working in various roles across its business technology titles, including ITPro. Jennifer has specialised in a number of areas over the years and has produced a wealth of content for ITPro, focusing largely on data storage, networking, cloud computing, and telecommunications.

Most recently Jennifer has turned her skills to the political sphere and broadcast journalism, where she has worked for the BBC as a political reporter, before moving to Sky News.