K2 University

Learn the tech skills of tomorrow, today

Salesforce Beats Q1 Revenue Predictions

SalesforceBusinesses

Salesforce has beaten its first quarter forecast of $2.95bn with revenue of $3.01bn.

This Represented a year-on-year growth of 25%, with stock rising by 4%, after the announcement on Tuesday.

Top performing Salesforce products in Q1 included:

  • Sales Cloud: up 16%
  • Service Cloud: up 29%
  • Marketing Cloud: up 41%

So what spurred on this growth? According to Marc Benioff, chairman and CEO: “Our relentless focus on customer success is yielding incredible results, including delivering nearly two billion AI predictions per day with Einstein.”

Salesforce is looking to expand its reach outside of North America, which currently accounts for 70% of total revenues, and tap into the growing $11.5 billion cloud market of the Asian-Pacific region. Expenditure to grow these markets has contributed to an overall increase in operating costs by 18%.

Full press release.

Looking for a way to get your staff officially Salesforce certified? If you’re a client looking for help staffing a project contact us.

About K2 University

As an official training partner to leading technology companies, we’re the answer if you’re an independent professional looking to upskill in key technologies, or you need to equip your team with the skills they need to drive your business forward. Our combination of expert certified trainers, original learning content and hands-on support is the key to realising the learning goals of both independent people and business teams.

Want more help?

Our team of experts are always available to provide consultation services and help you identify the most appropriate IT course that aligns with your objectives.

Get in touch

K2 University

Super-charge your Salesforce career!

Subscribe to K2 University’s newsletter for the most up-to-date certification guidance, expert insights and more.