Feeds

Salesforce slaps Amazon, Google with glove: 'I'm THE FIRST $1bn-quarter enterprise cloud biz'

But faint whiff of trouble pulls shares down

Boost IT visibility and business value

Salesforce shares stumbled down 1.5 percent on Monday after the customer relationship management company reported third quarter revenues that narrowly beat analyst expectations.

The company booked sales of $1.072bn, with a billion coming from its core businesses, and $72m from other assets such as platform-as-a-service cloud Heroku. Revenue was up 36 percent year over year.

Revenues beat analyst expectations of $1.06bn, and net earnings per share estimates of 9 cents per share.

The company also issued full-year revenue guidance for its next financial year, and reckoned it would book between $5.15bn and $5.20bn in sales.

Salesforce's leader Marc Benioff put his name on a canned statement that claimed "Salesforce.com is the first enterprise cloud computing company to deliver a $1 billion quarter,".

We would point to the quarterly revenues of Amazon, Microsoft, Google, and others, as evidence for why this statement is wrong, but doubt marketing-whizz Benioff would care.

These earnings come at a time when Salesforce is reinventing itself from a software-as-a-service firm to a platform-as-a-service company via its new Salesforce 1</a product range.

This may be a somewhat tall order for the company, given that a recent bout of botched network maintenance may have caused a huge crash at its US data centers. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.