Salesforce CEO: Digital transformers, more than meets the eye (Autobots are coining it for you) | 6/5/2019 | Staff
sheenabeanna (Posted by) Level 3
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Digital transformation - sorry readers, we feel sick too - is as important to CEOs in this day and age as preparing for the Millennium Bug was to CIOs in the countdown to the year 2000.

This was the among the many utterings by Marc Benioff, the founder, chairman and co-CEO of the "ethical" SaaS biz, who last night leapt onto a conference call with analysts to brief them on Q1 financial results.

Revenue - Quarter - April - Cent - Year-on-year

Revenue for the quarter ended 30 April 2019 was up 24 per cent year-on-year to $3.74bn: subscription and support revenue came in at $3.5bn, up 24 per cent as professional services grew 23 per cent to $241m.

Sales Cloud turnover was up 11 per cent; Service Cloud grew by a fifth, marketing and e-commerce jumped by a third, Platform and Other grew 47 per cent.

Direction - Travel - Benioff - Sales - Guidance

So positive is the direction of travel that Benioff and co issued top-end sales guidance for fiscal '20 of $16.25bn. "That's up $200m from 90 days ago when we had our Q4 earnings call."

The self-licking didn't stop there - no one knows how to get to those hard-to-reach places like Benioff - when he pointed to IDC last month ranking Salesforce as the top CRM company for the sixth year.

Audience - Analysts - Customers - Digital - Transformations

"That is more important than ever," he told the audience of financial analysts, "especially as so many of our customers are going through these tremendous digital transformations and we all know every digital transformation begins and ends with the customer.

"And when I'm with these CEOs all over the world, this is really front and centre in their mind. It's probably as exciting to them and it's important to them as it was to...
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