Salesforce Reports $1.6B In Q2 Revenue; Projects $6.6B For FY16
- Written by Brian Anderson
- Published in Financial News
Salesforce posted $1.63 billion in total revenue for Q2, a 24% year-over-year increase. Revenue for fiscal year 2016 is projected to be $6.6 billion to $6.625 billion — a year-over-year increase of about 23%.
For Q2, subscription and support revenues were $1.52 billion, a 23% increase year-over-year. Professional services and other revenues were $113 million, an increase of 32% year-over-year.
"Salesforce has now blown past the $6.5 billion annual revenue run rate faster than any other enterprise software company, and we are once again raising our fiscal year 2016 revenue guidance to $6.625 billion at the high end of our range,” said Marc Benioff, Chairman and CEO at Salesforce. “That puts us on pace to reach a $7 billion run rate later this year, and our goal is to be the fastest to reach $10 billion in annual revenue."