Connecting to LinkedIn...


Blog releases soaring sales figures

27/11/2015 by

W1siziisijiwmtuvmtevmjcvmdkvmtcvmjcvotqzlzneigzpbmfuy2lhbcbjagfydcwgyxjyb3dzihvwlmpwzyjdlfsiccisinrodw1iiiwinjawedqwmfx1mdazzsjdxq has released its latest profit figures, with the customer relationship management (CRM) solutions provider noting better-than-estimated results. The company’s full-year revenue targets have now been increased for the fourth time. The latest quarter saw profit grow above the market’s expectations, with Salesforce attributing the growth to a high demand for cloud sales and marketing tools. As news of the latest profit increase was released, Salesforce shares grew by up to 6% during an extended trading period. is currently the largest of the world’s online sales software manufacturers. Over the past few years it has been bringing its tools to an increasingly large set of businesses that prefer to use easier and cheaper cloud software services than the traditional on-premises solutions. This means no software has to be directly downloaded onto a desktop computer, with users able to access programs and tools via the internet.

Shebly Seyrafi, an analyst at FBN Securities, said that the upside potential for the firm was huge. “What we are finally seeing after many years is some reasonable operating margin expansion,” he explained. Meanwhile, Pivotal Research Group analyst Brian Wieser said: “As revenue growth decelerates there should be an expectation of some general margin improvement over time.”

Salesforce’s own adjusted operating margin was set at 11.3% earlier in 2015; however, after the third quarter ended on 31st October, this figure has been increased to 13.3%. Such an improvement means that Salesforce has increased its overall forecasted revenue for the financial year ending January 2016 to between $6.64bn (£4.4bn) and $6.65bn from between $6.60bn and 6.63bn. It was shown that a 23.7% rise in revenue was noted during the third quarter, resulting in a total revenue of $1.71bn. Meanwhile, unbilled deferred revenue from contracts that have been closed with customers leapt by 24% to reach $6.7bn.

Over the past few years Salesforce has been stealing market share away from competitors such as SAP and Oracle Corp, largely in CRM tools that allow firms to organise and track their sales leads. Alongside rising revenue, the firm managed to narrow its net loss to $25.2m − down from $38.9m. Salesforce shares, excluding items, now earn 21 cents, beating previous analyst estimates of 19 cents per share.

With an increasing number of companies looking into the cloud computing market, it is unsurprising to see Salesforce’s figures climbing. With the cloud at a relatively early stage of development, revenue is likely to grow even further.

About Us

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News


What are your career resolutions for 2017?

2017-01-16 09:00:00 +0000

The new year is traditionally a time to make resolutions for personal growth, but how about for your career? Setting goals is important because they provide a map for your career, helping you to organise your time, effort and resources on getting where you want to be. On a broader scale, having obtainable objectives can increase your job satisfaction, boost your self-esteem and improve your overall wellbeing. So, let’s take a look at the resolutions tha...


Business Intelligence trends for 2017

2017-01-13 11:00:00 +0000

Business Intelligence (BI) has evolved a lot in recent years, with most experts understanding that it is now far more than just data reporting. There remains a role for data scientists to play when it comes to analysing information, but it’s also increasingly important for every employee in a firm to be able to not only access data but also analyse it. During 2016, there was a wave of new self-service analytical tools developed across sectors, enabling ...