TechTarget

Salesforce.com revenues jump almost 40%

Software-as-a-service supplier Salesforce.com has reported strong growth in the final quarter of its latest financial year.

Software-as-a-service supplier Salesforce.com has reported strong growth in the final quarter of its latest financial year.

For the three-month period, ended January 31, the company reported sales worth $632m. This was a 38% increase on the same period 12 months ago.

Full-year sales reached $2.27bn, 37% higher than the previous year.

Salesforce.com added 2,500 global workers, as it benefited from the wave of businesses moving to cloud-based subscription services to reduce capital investments in IT.

Marc Benioff, chairman and CEO of Salesforce.com said the company expects to reach £3bn in sales in in its next 12-month financial period.

"Given the strong customer response to the social enterprise, we're excited to raise our guidance today, which puts us on pace to exceed the $3bn revenue run rate during FY13 [financial year 2013]."

Despite adding customers to its subscription-based services the company reported a loss of $4.1m in the quarter, compared to a profit of $10.9m a year ago. This was the result of one-off charges, said the supplier.

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

This Content Component encountered an error

1 comment

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close