Wednesday, November 19, 2014

Salesforce Revenues Up 29% YoY, 2015 Guidance Increased

Salesforce reported Q3 revenue of $1.38 billion, an increase of 29% year-over-year, and 30% in constant currency.  Subscription and support revenues were $1.29 billion, an increase of 28% year-over-year.  Professional services and other revenues were $95 million, an increase of 33% year-over-year.  There was a GAAP loss per share of ($0.06), and diluted non-GAAP earnings per share was $0.14.

"Salesforce continues to be the fastest growing top 10 software company, with constant currency revenue and deferred revenue growth of 30% or more year-over-year," said Marc Benioff, Chairman and CEO, Salesforce. "Given the tremendous response to our Customer Success Platform, I'm delighted to announce a fiscal 2016 revenue projection of $6.5 billion at the high end of the range."

Revenue for the company's full fiscal year 2015 is projected to be approximately $5.365 billion to $5.370 billion, an increase of 32% year-over-year.