Salesforce promises $5bn revenue for 2014

financial results

Salesforce promises $5bn revenue for 2014

Jennifer Scott

Cloud computing colossus predicted it would reach $5bn in revenue during 2014 as it announced its third quarter results yesterday.

The company chose the first day of its annual Dreamforce conference in San Francisco to make the statement before CEO Marc Benioff’s opening keynote on Tuesday morning.


Revenues hit $1.08bn for the three-month period, which translated to a 36% rise year on year, but a slight drop from the previous quarter’s $1.8bn figure.

The majority – $1bn – came from subscription and support revenues. But the $72m it earned from professional services and miscellaneous revenue additions was up by 50% from 2012.

Benioff boasted about the company’s results, claiming the numbers would add up to a record year for his firm.

"Given the strong customer response to our next-generation social and mobile cloud technologies, I'm delighted to announce that we expect to deliver our first $5bn year during our fiscal year,” he said. has predicted its fourth quarter will bring in revenues of between $1.124bn and $1.129bn – an increase of 35% year over year.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy