CEO Marc Benioff’s Detailed Breakout of Areas where Results Exceeded Expectations
Navi Mumbai, Maharashtra — (SBWIRE) — 09/09/2013 — San Francisco-based Salesforce.com reported outstanding numbers in the second quarter with over 30% growth rates in revenue, deferred revenues and cash flows. At the Q2 2014 earnings call, CFO Graham Smith announced the revised Q3 2014 revenue guidance of $1.05 billion to $1.055 billion versus the $957 million earned in Q2. If achieved, this would be Salesforce’s first quarter breaking through the $1 billion revenue barrier.
CEO Marc Benioff also went on to comment on the results, stating that “Salesforce has always been a catalyst and evangelist for innovation enterprise software. We pioneered the shift to the cloud, to social, to mobile…” He also highlighted the fact that they’ve been recognized for innovation by Forbes Magazine, who have ranked them the most innovative company in the world for the 3rd year in a row. Another recognition was being named by Gartner as the ‘undisputed leader in its Magic Quadrant for Sales Force Automation for the 7th year in a row’.
Later in the Q2 conference he went on to state that ExactTarget, their largest acquisition ever, with its customer platform would enable “companies to bring in customer data from any source and deliver highly personalized digital marketing to any customer across any channel”. Find more on their $2.5 billion all cash purchase of ExactTarget earlier this year over here .
At the Citi 2013 Global Technology Conference this September, Graham Smith highlighted the agreement with Oracle Database wherein they’d have had a 3 year rolling ULA with them and were able to secure a 6-year agreement with two, three year options.
All eyes would be on their Q3 earnings call in a few months, to see if guidance promised is the guidance actually achieved.
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