Salesforce.com revenues jump almost 40%

News

Salesforce.com revenues jump almost 40%

Karl Flinders

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.


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy