Salesforce revenue rockets 25%

The company has set its sights on achieving $20 billion revenues by 2022

Revenue rise

Salesforce has posted more impressive financial results revealing the SaaS company's revenues rocketed by 25% in the last quarter, reaching $2.68 billion. These latest figures take the company's total revenues to date up to $10 billion and it got to that figure faster than any other software company.

It has doubled its quarterly revenues in just two years in fact, with its Q3 2015 figures topping $1.38 billion.

"With our outstanding first quarter results, we are thrilled to be raising our fiscal 2018 revenue guidance by $100 million and raising our GAAP and non-GAAP earnings per share expectations for the year," said Marc Benioff, chairman and CEO, Salesforce.

"Salesforce has once again been named the CRM market leader, and we continue to grow our share in CRM - the fastest growing enterprise software market."

Benioff said it doesn't expect the business to slow down on growth over the next five years either. The company has revised its revenue goals substantially, taking aim at $20 billion by 2022.

"In fact as the fastest growing enterprise software company ever to reach $10 billion, we are now targeting to grow the company organically to more than $20 billion by fiscal year 2022 and we plan to do that to be the fastest enterprise software company ever to get to $20 billion," Benioff added.

To help it achieve such goals, the company also announced a number of executive moves, including the promotion of Quip's Bret Taylor to president and chief product officer. Alex Dayon, the company's ex-CPO will become president and Chief Strategy Officer.

"Bret is going to drive our product vision, design, development and go-to-market strategy. Alex is going to lead strategic initiatives working more closely with our customers on product direction and transformation," Benioff said.

Featured Resources

B2B under quarantine

Key B2C e-commerce features B2B need to adopt to survive

Download now

The top three IT pains of the new reality and how to solve them

Driving more resiliency with unified operations and service management

Download now

The five essentials from your endpoint security partner

Empower your MSP business to operate efficiently

Download now

How fashion retailers are redesigning their digital future

Fashion retail guide

Download now

Recommended

AWS and Salesforce launch integration partnership
sales & CRM

AWS and Salesforce launch integration partnership

23 Jun 2021
Salesforce adds low-code dev tools to its platform
sales & CRM

Salesforce adds low-code dev tools to its platform

23 Jun 2021
Salesforce wins Disney Studios contract to overhaul digital workflows
customer relationship management (CRM)

Salesforce wins Disney Studios contract to overhaul digital workflows

7 May 2021
Accenture and Salesforce join forces to bring sustainability to organizations’ front offices
business intelligence (BI)

Accenture and Salesforce join forces to bring sustainability to organizations’ front offices

26 Jan 2021

Most Popular

The benefits of workload optimisation
Sponsored

The benefits of workload optimisation

16 Jul 2021
Samsung Galaxy S21 5G review: A rose-tinted experience
Mobile Phones

Samsung Galaxy S21 5G review: A rose-tinted experience

14 Jul 2021
IT Pro Panel: Why IT leaders need soft skills
professional development

IT Pro Panel: Why IT leaders need soft skills

26 Jul 2021