Salesforce targets $ 8 billion in revenue next year

by bold-lichterman

Salesforce continues to grow. The American specialist in cloud software has just published a growth of 24% of its turnover in the third quarter of its fiscal year 2016 (lagged), to 1.71 billion dollars.

$ 25 million loss

In detail, its sales software generated $ 688.7 million in revenue, ahead of its “Service Cloud” customer relationship management (469.5 million) or dedicated to marketing (169 million) offers. Geographically, Salesforce continues to derive the majority of its turnover in America (73%), ahead of Europe (18%) and Asia-Pacific (9%).

The company remains in deficit, however, with a loss of $ 25.1 million (GAAP) in the third quarter, although this remains lower than the 38.9 million recorded a year earlier in the same period. Earnings per share, a benchmark index on Wall Street, meanwhile in the red at -0.04 dollar.

In the end, the Californian company expects a turnover of more than 6.64 billion dollars for its entire fiscal year, an increase of 24% over one year.

Buyout rumors

“I am delighted to announce that we expect to deliver our first year at 8 billion dollars for our fiscal year 2017 (shifted fiscal year which corresponds to the 12 months preceding January 2017, editor’s note), which puts us on the right track for reach $ 10 billion faster than any other company specializing in enterprise software, ”said Marc Benioff, CEO.

This growth is also envious. This summer, several media reported that large American groups were interested in an acquisition of Salesforce. Among the names mentioned were Microsoft, IBM and the German SAP. Salesforce weighs over $ 50 billion on the stock market.