Fiscal third-quarter billings, a metric viewed as a leading indicator for future revenue, also fell short of Wall Street consensus by nearly 10%, coming in at $6.21 billion, representing year-over-year growth of just 5%. Beyond the softening financial numbers, Salesforce’s commentary about business trends and the economy were worrisome. On the earnings call with analysts and investors, Salesforce executives said that as the third quarter progressed they began to see a “more challenging buying environment,” with customers increasingly scrutinizing every dollar spent for its return on investment. Read More...
Argus Research
Analyst Report: Salesforce Inc.
Salesforce.com is a cloud-based software-as-a-service customer relationship management or CRM software company. It offers its software through its Sales Cloud, Service Cloud, Marketing Cloud, and Salesforce Platform solutions. The company has expanded its offerings into the mobile, social networking, analytics, and artificial intelligence areas. Salesforce.com sells its software on a subscription basis, both directly and through third-party partners, including systems integrators, consulting firms, and distributors. About 32% of Salesforce.com’s revenue comes from outside the U.S. The company was founded in 1999 and went public in June 2004.
Add Comment