Salesforce Expects Another Year of Double-Digit Growth

A lot was riding on Salesforce.com’s (NYSE: CRM) fourth quarter of its 2019 fiscal year (the period ended January 31, 2019). Shares surged 34% during the period and kicked off the new year with another double-digit advance. Though the enterprise software company is already by far the largest of its kind out there — Salesforce’s market cap is currently $120 billion — revenue is still expanding at a fast double-digit clip. Salesforce didn’t disappoint, topping its own estimates (per usual) with 26% and 49% year-over-year revenue and adjusted earnings expansion, respectively. With the new year under way, Co-CEO Marc Benioff and friends see the good times continuing to roll for some time. Continue Reading Below Some full-year perspective It was a big year for Salesforce. The company has kept its foot on the gas, investing in new services and acquiring numerous peers to add to its ever-expanding ecosystem of cloud-based software helping businesses take better care of their customers. The result? Yet another year of double-digit growth, top to bottom. Salesforce is still expanding in-house, like in its oldest bread-and-butter sales and service cloud segments. The newer marketing and commerce cloud is going especially strong, though, in spite of competition… Read full this story

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