Salesforce reported fourth quarter revenue of $2.85 billion (+24 percent) and full year revenue of $10.48 billion (+25 percent).
The main achievement for the San Francisco-based Salesforce was its revenue propelling to over $10 billion in the last 12 months.
TBR analyst Kelsey Mason said the company closed more deals in the quarter than it closed in all of CY2013, and experienced some of the largest renewals in the ERM company’s long history, with eight of its top ten customers expanding their contracts.
Salesforce has generated annual revenue of $7,579 million (+22 percent) from Americas, $1,904 million (+39 percent) from EMEA and $997 million from Asia Pacific (+26 percent). In terms of growth, EMEA was the shining star bringing 39 percent increase in Salesforce revenue in the last 12 months.
Salesforce generated annual revenue of $3.6 billion (+16 percent) from Sales Cloud, $2.9 billion (+24 percent) from Service Cloud, $1.9 billion (+34 percent) from Salesforce Platform & Other and $1.3 billion (+45 percent) Marketing Cloud & Commerce Cloud.
Salesforce has doubled the number of $20 million relationships it had a year ago, and grew deals in excess of $1 million more 43 percent. These achievements highlight Salesforce’s ability to be a strategic advisor to customers’ digital business transformations and propelled CY2017 revenue beyond $10 billion.
According to IDC, the ERM application market of Salesforce was 19.9 percent against 8.4 percent for Oracle and 6.1 percent for SAP in the first half of 2017.
Marc Benioff, chairman and CEO of Salesforce, said: “No other enterprise software company has achieved this scale faster than Salesforce. Our focus on customer success continues to strengthen our position as the global leader in CRM.”
Q4 subscription and support revenues of Salesforce were $2.66 billion (+26 percent), while professional services and other revenues were $196 million (+7 percent).
Salesforce said its 2017 subscription and support revenues were $9.71 billion (+25 percent), while professional services and other revenues were $769 million (+21 percent).
Salesforce is projecting Q1 revenue of $2.925 billion to $2.935 billion, an increase of 23 percent year-over-year.
Salesforce is targeting FY19 revenue of $12.6 billion to $12.65 billion, an increase of 20 percent to 21 percent year-over-year.
