Cloud computing colossus Salesforce.com predicted it would reach $5bn in revenue during 2014 as it announced its...
third quarter results yesterday.
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.
Salesforce.com has predicted its fourth quarter will bring in revenues of between $1.124bn and $1.129bn – an increase of 35% year over year.