Salesforce posts record revenue

News
By Jennifer Scott
published

The cloud computing company’s profits shoot up by 20 per cent with almost 4,000 new customers taking up its services.

Profits up

Cloud computing and software as a service (SaaS) company Salesforce has posted its best results yet today for its fiscal second quarter.

Revenues for the company shot up by 20 per cent year over year to $316 million (190 million), with subscription and support revenues rising 22 per cent to $22.6 million.

Marc Benioff, chairman and chief executive of the company, confirmed in a statement that this was the best the company had achieved and on top of that their customer numbers had significantly risen.

He said: "We added 3,900 net new customers, bringing our total to more than 63,000, with our Service Cloud turning in its best quarter ever."

As a result the company has raised its forward looking figures for the third quarter to revenues between $323 million and $324 million and it expects to achieve between $1.27 billion and $1.28 billion over the year.

Jennifer Scott
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.