Salesforce has its sights set on passing SAP as the largest enterprise applications company in the world, with momentum that is underscored by strong growth in the company’s latest quarter, CEO Marc Benioff said Thursday.
Speaking during the company’s quarterly call with analysts, Benioff described Salesforce’s first quarter of its fiscal 2022, ended April 30, as the best first quarter in company history. Revenue climbed 23 percent during the quarter, year over year, to reach US$5.96 billion.
When it comes to Salesforce rival SAP, Benioff said that SAP has a smaller presence in the customer relationship management (CRM) market than in the past. Salesforce has the largest market share in CRM industry by far, according to figures from research firm IDC posted by the company in October with 19.8 percent of the worldwide market versus 4.8 percent for SAP during the first half of 2020.
Salesforce Is ‘About To Pass SAP’ As Largest Enterprise App Company: CEO Marc Benioff
As Salesforce reported what Benioff called the best first quarter in its history, the CEO predicted that surpassing SAP as the largest enterprise applications company is ‘imminent.’ By Wade Tyler Millward May 27, 2021, 09:04 PM EDT
Salesforce has its sights set on passing SAP as the largest enterprise applications company in the world, with momentum that is underscored by strong growth in the company’s latest quarter, CEO Marc Benioff said Thursday.
Speaking during the company’s quarterly call with analysts, Benioff described Salesforce’s first quarter of its fiscal 2022, ended April 30, as the best first quarter in company history. Revenue climbed 23 percent during the quarter, year over year, to reach $5.96 billion.