{"id":10021,"date":"2017-11-22T19:33:05","date_gmt":"2017-11-22T19:33:05","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/salesforce-keeps-rolling-with-another-monster-quarter-as-it-sets-20-billion-revenue-goal.html"},"modified":"2017-11-22T19:33:05","modified_gmt":"2017-11-22T19:33:05","slug":"salesforce-keeps-rolling-with-another-monster-quarter-as-it-sets-20-billion-revenue-goal","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/salesforce-keeps-rolling-with-another-monster-quarter-as-it-sets-20-billion-revenue-goal.html","title":{"rendered":"Salesforce keeps rolling with another monster quarter, as it sets $20 billion revenue goal"},"content":{"rendered":"


\n<\/p>\n

Ho hum, Salesforce<\/a> announced its quarterly earnings yesterday<\/a> and the news was all good once again with revenue up 25 percent to $2.68 billion. The company has blown through its $10 billion yearly revenue goal<\/a> and has boldly set one for $20 billion by FY2022. I wouldn\u2019t put it passed them.<\/p>\n

The company also announced some big executive moves. More on that later<\/p>\n

Salesforce is the anti-IBM. While Big Blue has had 22 straight quarters<\/a> of declining revenue, Salesforce has been on a steady increase over the last several years. The company\u2019s quarterly revenue going back three years to Q32015 has almost doubled from $1.38B to this quarter\u2019s $2.68B.<\/p>\n

\"\"<\/p>\n

It has been a steady march upward, making that climb to $10B faster than any software company ever and CEO and chairman Marc Benioff had every right to crow about it in the earnings call.<\/p>\n

\u201cIn fact as the fastest growing enterprise software company ever to reach $10 billion, we are now targeting to grow the company organically to more than $20 billion by fiscal year 2022 and we plan to do that to be the fastest enterprise software company ever to get to $20 billion,\u201d Benioff said.<\/p>\n

One way the company has been able to achieve that kind of growth has been through international expansion. That\u2019s actually one place that at least one analyst, Mark Tepper of Strategic Wealth Partners said he would be watching closely<\/a> to see how they were doing in that area, according to an article on CNBC.<\/p>\n

Well, Tepper had to be pleased with what he saw. Salesforce\u2019s Keith Block, the company\u2019s president, vice chairman and chief operating office, said that 40% of new hires this years were outside the US and the investment seemed to be paying off with bigger growth numbers overseas than in the Americas.<\/p>\n

\"\"<\/p>\n

Photo: Salesforce<\/p>\n

Benioff also announced that Bret Taylor, who came over in the $750M Quip deal last year got <\/a>a promotion when he became president and chief product officer<\/a>. \u201cBret is going to drive our product vision, design, development and go-to-market strategy,\u201d Benioff explained. Meanwhile Alex Dayon, who had been in the CPO role got promoted to president and Chief Strategy Officer. \u201cAlex is going to lead strategic initiatives working more closely with our customers on product direction and transformation,\u201d he said.<\/p>\n

Both moves are designed to bring a new generation of leadership to the company, which should help Salesforce from stagnating or getting too comfortable with its success, but the company does have a lot of presidents with Taylor and Dayon joining Block , CFO Mark Hawkins and Chief People Officer Cindy Robbins all holding that title. President could be the new vice president at Salesforce.<\/p>\n

Ray Wang, founder and principal analyst at Constellation Research says this isn\u2019t so much about being top heavy as the way the company chooses to distinguish certain executive roles. \u201cI think the way to look at it is they have a lot of CXO\u2019s, \u201d he said. \u201cThe way to distinguish officers from CXO\u2019s is the President title, but the promotions are well deserved and the title puts them on equal standing with the rest of the executive team,\u201d he explained.<\/p>\n

Wang also thinks that Taylor earned his way into the title by proving his mettle after the acquisition, and that Dayon was ready to try a different role. \u201cAlex now gets to focus on strategy after years of honing his chops on product and service offerings,\u201d Wang said.<\/p>\n

The approach seems to be working. While the stock is down slightly this morning, it\u2019s just under its one year high of 107.49. It\u2019s unclear why Wall Street isn\u2019t reacting more positively to yesterday\u2019s report (at least temporarily), but the company continues its growth trajectory and the future looks bright.<\/p>\n

\"\"<\/p>\n

<\/p>\n

Featured Image: Justin Sullivan\/Getty Images<\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/yuSe2gm0zbg\/<\/p>","protected":false},"excerpt":{"rendered":"

Ho hum, Salesforce announced its quarterly earnings yesterday and the news was all good once again with revenue up 25 percent to $2.68 billion. The company has blown through its <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-10021","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t