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Technology Stocks : Salesforce.com
CRM 98.90+1.8%Oct 20 8:04 PM EDTNews

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From: JakeStraw11/17/2016 4:22:49 PM
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Salesforce Announces Fiscal 2017 Third Quarter Results
finance.yahoo.com

"Salesforce delivered an exceptional quarter with year-over-year revenue growth of 25% in dollars and 27% in constant currency," said Marc Benioff, chairman and CEO, Salesforce. "I'm delighted to announce that we expect to deliver our first $10 billion year during our fiscal year 2018, which puts us well on the path to reach $20 billion faster than any other enterprise software company."

"We had outstanding execution in the third quarter, closing a record number of large transactions as more and more companies look to Salesforce as their trusted advisor to redefine their customer strategies," said Keith Block, vice chairman, president and COO, Salesforce. "No other enterprise software company is delivering customer success at this scale — and certainly not at this pace."

"We delivered another strong quarter of booked business on and off the balance sheet, which is now more than $12 billion, up 27% year-over-year," said Mark Hawkins, CFO, Salesforce. "We are pleased to raise our fiscal full-year 2017 revenue guidance by $50 million to $8.375 billion at the high end of the range."
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