Salesforce revenue surges 26% to $3.39 billion in Q3

Salesforce, a CRM company, reported revenue of $3.39 billion (+26 percent) in its fiscal third quarter ended October 31, 2018.
Salesforce revenue Q3 2018The US-based Salesforce generated revenue of $3.17 billion (+26 percent) from subscription and support and $224 million (+15 percent) from professional services.

“We are again raising our FY19 revenue guidance and initiating our full year fiscal 2020 revenue guidance at $16 billion at the high end of the range,” said Keith Block, co-CEO of Salesforce.
Salesforce CRM competitors H1 2018Salesforce said it generated revenue of $1 billion (+11 percent) from Sales Cloud business, $0.9 billion (+24 percent) from Services Cloud, $0.7 billion (+51 percent) from Salesforce platform and $0.5 billion (+37 percent) from Marketing and Commerce Cloud business units.

Salesforce generated revenue of $2.425 billion (+25 percent) from Americas, $641 million (+29 percent) from EMEA and $326 million (+25 percent) from Asia Pacific including China and India.

Salesforce has a CRM market share of 20.3 percent as compared with 7.5 percent for Oracle, 5.4 percent for SAP, 4.1 percent for Microsoft and 3.6 percent for Adobe in the first half of 2018, according to market research report from IDC.

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