Salesforce brought in $4.5 billion in revenue for the quarter. Tableau contributed $308 million of that, above the $300 million Wall Street expected. This led Platform and Other revenue to grow 74 percent in the quarter. MuleSoft also had a strong quarter, and re-accelerated to 77 percent subscription growth, up from 61 percent growth last quarter.
"Investors biggest pushback with CRM over the past 12-ish months have been that margins haven't expanded in nearly 3 years," Lemenage said, referring to Salesforce by its stock ticker. "The 'problem' is that acquiring these large companies comes with incremental expenses and therefore margins have stayed flat to do rather than expanding"
Products like Service Cloud, Marketing Cloud and Platform are becoming more important to the company's growth going forward. And given Salesforce's history of successful acquisitions, analysts are still optimistic in the long run.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Salesforce edges past Wall Street's revenue target - Business InsiderSalesforce just reported its Q3 2020 earnings and beat analyst estimates for earning but was roughly in line with expectations for revenue. Would you Salesforce now?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Salesforce earnings beat on strong subscription growthSalesforce.com Inc beat Wall Street estimates for quarterly profit and revenue o... God I hate salesforce I use Salesforce everyday....I'm using it now...soooo this must be a sign to invest in stock lol TheStreet CNBC 247WallSt Stocktwits MarketWatch But its down in after hours trading... Inc. (CRM) NYSE: 159.44 -2.13 (-1.32%) After hours: 7:06PM EST
Source: Reuters - 🏆 2. / 97 Read more »
Sony Music is doubling down on podcasts with new hires - Business InsiderThe world's biggest music company hired new executives from Pandora, Stitcher, Megaphone, and CBS Radio to boost its podcast business. The quality of the container transports the quality of internal industries and statistically consider sail application constitutionality of dealing with the company to apply the achievement of objectives and integration of work sail and documentation company quality and progress
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 themes for the next 10 years, plus winners, losers: Bank of America - Business InsiderClimate change and an aging and growing population are among the trends that will shape the next decade, according to the firm's analysts.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump plans to move forward with more China tariffs this month, report says - Business InsiderPrevious reports indicated further tariffs could be delayed as part of a broader trade agreement the US and China announced in October. No matter you like Trump or not. Look at what China is doing at Tiananmen, Ugyhur and now Hong Kong. It is time to send a strong message to China that they gotta STOP violating human rights and oppressing freedom! If China was taxed they’d be in international contention. Their electronics of course are the best ever. Trumpets of absolute self reliance are occulations. They infest economic bubbles. When these bubbles bust, they give rise hyperinflation. Capital needs to flow otherwise it coagulates.p
Source: BusinessInsider - 🏆 729. / 51 Read more »
Sprinklr acquires Nanigans' social business for performance marketing - Business InsiderMarketing-tech company Sprinklr has acquired the social media business of one of Facebook's oldest marketing partners
Source: BusinessInsider - 🏆 729. / 51 Read more »