CRM major Salesforce revenue up 26% to $2.56 bn in Q2

Salesforce Revenue Analysis 2017CRM major Salesforce has posted revenue of $2.56 billion (+26 percent) for its fiscal second quarter ended July 31, 2017.

Salesforce generated revenue of $886 million from Sales Cloud, $698 million from Services Cloud, $466 million from Salesforce Platform and $317 million from Marketing and Commerce Cloud in Q2.
Salesforce revenue and margin Q2 2017
Americas contributed 72 percent revenue to Salesforce, while Europe supporting with 18 percent and the balance 10 percent revenue came from Asia Pacific including China and India.
Salesforce region revenue Q2 2017The US-based enterprise cloud software company has achieved subscription and support revenues of $2.37 billion (+26 percent) and professional services and other revenues of $193 million (+28 percent).

“We had a phenomenal quarter of growth, reaching a huge milestone for the company, becoming the first enterprise cloud software company to break the $10 billion revenue run rate,” said Marc Benioff, chairman and CEO, Salesforce.
Salesforce Cloud revenue Q2 2017Salesforce has increased FY18 revenue guidance by $100 million to $10.35 billion to $10.40 billion, up 23 percent to 24 percent.

Salesforce said its FY18 revenue is projected to be $10.35 billion to $10.40 billion, an increase of 23 percent to 24 percent year-over-year.

“Salesforce’s ability to execute multiproduct deals and speak the language of the customer through an industry focus keep it top of mind in digital transformation engagements and will fuel the company toward its next goal of $20 billion in annual revenue,” said Kelsey Mason, analyst at Technology Business Review.

TBR in a research note said that persistent revenue growth is driven by continued investment in distribution capacity and portfolio developments, most notably around artificial intelligence (AI). However, despite these investments, Salesforce managed to deliver a positive operating margin of 2 percent in 2Q17.

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