Salesforce lost $109 million, compared to net income of $105 million in last year’s corresponding period. Overall, revenue reached $4.51 billion, up 33 percent from $3.4 billion a year earlier. Tableau contributed $308 million in revenue in its first complete quarter under Salesforce while MuleSoft pitched in $185 million. The company also pointed to growth in its channel. Co-CEO Keith Block said there were 20 percent more partner-certified individuals while the cannel had a 20-percent increase in customer installs. Salesforce does not break out the revenue attributed to it indirect distribution. The big growth came from the Salesforce Platform and Other category which produced $1.29 billion in revenue for the most recently ended period, a 73-percent rise from $742 million a year earlier. That category includes MuleSoft and Tableau revenue. The second-largest sales producer, the marketing and commerce cloud, had revenue of $644 million, up 32 percent from $489 million. Service cloud revenue was $1.14 billion, a 24-percent increase from $917 million. Sales cloud revenue was $1.17 billion, rising 15 percent from $1.02 billion.Last modified on Friday, 13 December 2019
M&A BOOSTS SALESFORCE RESULTS Featured
The purchase of Tableau in August and MuleSoft in May helped Salesforce.co, to a 33-percent increase in revenue for the third quarter ended November 30. But the company also hiked spending by 37 percent, including a 60.1-percent rise in spending for R&D, to end up with a loss for the most recently ended period.