View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
November 21, 2010

Salesforce.com Q3 revenue up 30%

Expects fiscal 2012 revenue to reach $2bn

By CBR Staff Writer

Salesforce.com has reported revenues of $429.1m in the third quarter of fiscal 2011, an increase of 30% as compared to $331m of the year-ago quarter.

Revenue from subscription and support was $403m, an increase of 31.1% as compared to $307m in the same quarter a year-ago.

Revenue from professional services and others grew 9% to $26.1m from $24m of the same period last year.

For the quarter ended October 31, 2010, the company’s operating income increased to $35.2m from $30.1m year-over-year.

Salesforce.com posted a net income of $21.1m, a marginal increase of 0.5% as compared to net income of $21m of Q3 FY10.

Earnings per share for the third quarter of fiscal 2011 decreased to $0.15 from $0.16 of the same period last year.

Content from our partners
Why all businesses must democratise data analytics
How start-ups can take the next step towards scaling up
Unlocking the value of artificial intelligence and machine learning

Geographically, revenues from Americas increased to $293m accounting for 68% of total revenues. Revenue from Europe grew to $76.5m accounting for 18% of total revenues, and Asia Pacific revenue ($60.1m) accounted for 14% of total revenue.

Salesforce.com chairman and chief executive officer Marc Benioff said the company believes that their strong growth this year will allow them to deliver approximately $2bn in revenue in fiscal 2012, making salesforce.com the first cloud computing company to achieve that milestone.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU