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MuleSoft Acquisition Powers Saleforce’s Year-End Earnings
Salesforce’s revenues maintained a torrid growth rate of 26% in the most recent quarter, placing the company on an annualized run rate of ~$15 billion! PaaS growth led the way at 49%, comprising 23% of revenues.
Salesforce clients should take note of the latest FY19 Q4 earnings as the company continues to put up astonishing growth numbers for a company that just finished the fiscal year at over $13B in revenue.
Key numbers to be mindful of:
- Overall revenue growth of 26% has remained stable over the past few quarters.
- Salesforce has revised FY23 revenue targets upwards to a range of $26-28B; a doubling of FY20 targets.
- PaaS revenues are the fastest growing segment, clocking in at a 49% YoY growth rate. This includes MuleSoft, App Exchange, and Lightning Platform revenues.
- Sales in Europe were up 31% amid a slowing EU economy; while other tech giants are struggling in Europe, Salesforce is thriving.
Salesforce pioneered the SaaS model long before it become the de facto standard. With the addition of PaaS growth and revenue and the MuleSoft acquisition, Salesforce has positioned itself to become the gold standard for running a business in the cloud. Salesforce has mirrored the on-premises ERP “suite” functionality of yesteryear, but is focused on the demand chain vs. the supply chain. And of course on a cloud-native platform.
While Salesforce’s growth continues to impress, clients should realize that audacious revenue goals also places pressure on the vendor to deliver. Take this into consideration when negotiating your next Salesforce deal to garner maximum value and flexibility for your organization.
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Microsoft Cloud Services Usage Surges 775% for Teams in Regions With Enforced Social Distancing – Part 2
Experiencing issues when using Microsoft online services? You are not alone. Capacity constraints were being hit, pre-COVID-19, and usage has surged in regions with enforced social distancing.
Google has announced a premium support plan for its cloud customers, promising a 15-minute response to the highest severity tickets. Google’s cloud has long struggled with enterprise customers – especially when compared to giants Microsoft and AWS – and this announcement is the latest incarnation of Google’s push to better serve a critical constituency.
Microsoft Announces Expansion of Azure Canadian Infrastructure, Offers Data Residency and High Availability
In January, Microsoft announced what it’s calling “the largest expansion of its Canadian-based cloud computing infrastructure” since 2016. Additional availability zones and services will increase capacity for cloud-hungry Canadians, and the addition of an Azure ExpressRoute site in Vancouver will guarantee security and performance in a regulated jurisdiction.
Microsoft’s announcement that server-side encryption with customer managed keys for Azure Managed Disks is now available is welcome news for security-minded public cloud customers. Managing one’s own keys in a cloud environment can be an important step in complying with regulatory requirements, and this new feature should open Azure Managed Disks to a wider group of customers who may have held back for this reason.
Amazon Web Services (AWS) has provided its customers with better options for Virtual Private Cloud (VPC) ingress routing. Customers will have to consider which works best for their needs.
AWS VPC Traffic Mirroring gives customers more visibility for out-of-band traffic inspection. This feature is another useful tool for monitoring in the AWS cloud.
Microsoft Cloud Services Usage Surges Over 700% in Regions With Enforced Social Distancing: How Could This Impact Your Organization?
Organizations have been running into capacity constraints on cloud infrastructure in regions with enforced social distancing due to COVID-19. Having a back-up plan will be critical to your business continuity plans.
Microsoft has added six months of additional support to Windows 10 Enterprise and Education 1709. This will help reduce pressure to upgrade and provide support in the interim as companies focus on business continuity plans due to COVID-19.
Microsoft’s deep pockets and Financing division can save your IT budget. If your Enterprise Agreement is coming up for renewal in the next six months, we will likely be in an economic downturn.