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Salesforce keeps rolling with another monster quarter, as it sets $20 billion revenue goal

Salesforce keeps rolling with another monster quarter, as it sets $20 billion revenue goal
From TechCrunch - November 22, 2017

Ho hum, Salesforce announced its quarterly earnings yesterday and the news was all good once again with revenue up 25 percent to $2.68 billion. The company has blown through its $10 billion yearly revenue goal and has boldly set one for $20 billion by FY2022. I wouldnt put it passed them.

The company also announced some big executive moves. More on that later

Salesforce is the anti-IBM. While Big Blue has had 22 straight quarters of declining revenue, Salesforce has been on a steady increase over the last several years. The companys quarterly revenue going back three years to Q32015 has almost doubled from $1.38B to this quarters $2.68B.

It has been a steady march upward, making that climb to $10B faster than any software company ever and CEO and chairman Marc Benioff had every right to crow about it in the earnings call.

In fact as the fastest growing enterprise software company ever to reach $10 billion, we are now targeting to grow the company organically to more than $20 billion by fiscal year 2022 and we plan to do that to be the fastest enterprise software company ever to get to $20 billion, Benioff said.

One way the company has been able to achieve that kind of growth has been through international expansion. Thats actually one place that at least one analyst, Mark Tepper of Strategic Wealth Partners said he would be watching closely to see how they were doing in that area, according to an article on CNBC.

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