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February 26, 2015

Salesforce reaches $5bn annual revenue in record time

Strong growth and a positive outlook for Salesforce finances.

By James Nunns

Salesforce has announced its financial results for the fourth quarter and full fiscal year end January 31st, 2015.

The company has posted very healthy quarterly and full year results with quarterly revenue of $1.44bn, respresenting a 26% increase year-over-year and full year revenue of $5.37bn which represents a 32% increase year-over-year.

Surpassing full year revenue of $5bn, this marks the fastest time in which this has been achieved by an enterprise software company.

Marc Benioff, Chairman and CEO, Salesforce, said: "Salesforce delivered yet another year of exceptional growth, with revenue, deferred revenue and operating cash flow all growing more than 30%, while exceeding our expectations in non-GAAP operating margin improvement."

"Salesforce reached $5 billion in annual revenue faster than any other enterprise software company and now it’s our goal to be the fastest to reach $10 billion."

The company has also reported improved operating cash flow of $1.17bn, a 34% increase year-over-year. The subscription and support revenues continue to be healthy and were at $5.01bn which is a 31% increase.

Meanwhile professional services and other revenues were at $99 million for the fourth quarter, a 41% increase year-over-year and at $360 million for the full fiscal year.

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Looking forward and the company predicts that the good times will continue to come as revenue is predicted at approximately $6.475bn for the full fiscal year 2016.

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