Comprehensive software reviews to make better IT decisions
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.
Want to Know More?
COVID-19 has forced software companies and their suppliers to refocus efforts around prioritizing systems and workflows that are nearly 100% digital in nature. As a result, Info-Tech has observed the quick emergence of six market themes that are highly relevant post COVID-19. This note series will profile key vendors and how they fit into the post-COVID-19 world.
COVID-19 has forced software companies and their suppliers to refocus efforts around prioritizing systems and workflows that are nearly 100% digital in nature. As a result, Info-Tech has observed the quick emergence of six market themes that are highly relevant after COVID-19. This note series will profile key vendors and how they fit into the post-COVID-19 world.
Oracle has announced the general availability of Exadata Cloud@Customer, a managed service that enables enterprises to unlock the previously cloud-first features of Oracle's Autonomous Database for on-premises data centers. This offering is ideal for enterprises that must conform with regulatory and/or technical challenges that force on-premises database residency.
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.