Salesforce didn't provide any forecasts beyond 2026, but it would only need to generate a CAGR of 14.9% for the following five years to hit $100 billion in annual revenue by fiscal 2031. Microsoft hasn't offered any comparable long-term forecasts, but analysts expect its revenue to rise 16% this year and 12% next year.
Full Answer
How much money does Salesforce make a year?
The annual revenue of Salesforce reached 21.25 billion U.S. dollars in its 2021 fiscal year, a record high. Subscription and support is the business segment that contributed the most to the company’s continued sales boom, bringing in revenue worth close to 20 billion U.S. dollars in the same fiscal year.
Can Salesforce double its annual revenue to $50 billion by 2026?
Last December, Salesforce estimated it could more than double its annual revenue to $50 billion by fiscal 2026. That would represent a CAGR of 18.7% between 2021 and 2026.
Will Salesforce be worth more than Microsoft by 2030?
Assuming that Salesforce and Microsoft's price-to-sales ratios remain roughly the same as today, Salesforce could be worth about $1 trillion by the end of 2030, while Microsoft's market cap could climb over $5 trillion. So Salesforce could join the trillion-dollar club by 2030, but it probably won't be worth more than Microsoft.
Will Salesforce's competitors catch up to it in 5 years?
The firm has named Salesforce the market leader for seven straight years. Salesforce's four closest rivals -- SAP, Oracle, Microsoft, and Adobe -- held a combined share of just 17.8% in the first half of 2020. It's doubtful those rivals will catch up to Salesforce within the next five years.
Will Salesforce be a trillion dollar company?
Salesforce currently boasts a market cap of just over $215 billion, meaning it would need to nearly quintuple in value in order to become a trillion-dollar company by 2030, requiring roughly a 15% annual growth rate.
Will Salesforce be worth more than Microsoft?
Assuming that Salesforce and Microsoft's price-to-sales ratios remain roughly the same as today, Salesforce could be worth about $1 trillion by the end of 2030, while Microsoft's market cap could climb over $5 trillion.
How big can Salesforce grow?
Analysts call it the "Salesforce economy," which they estimate will create 9.3 million jobs and generate $1.6 trillion in new business revenue by 2026 as CRM software spending by the industry runs at double-digit annual growth rates through at least the middle of the decade.
How long will Salesforce last?
Salesforce as a Game Changer It's predicted that SaaS CRM solutions will reach a deployment rate of 80 to 85% by 2025. The CRM software market in itself is estimated to grow at a rate of about 14% annually in the short-term, through 2017.
Where will Salesforce be in 5 years?
Salesforce Inc quote is equal to 171.710 USD at 2022-06-23. Based on our forecasts, a long-term increase is expected, the "CRM" stock price prognosis for 2027-06-16 is 325.837 USD. With a 5-year investment, the revenue is expected to be around +89.76%. Your current $100 investment may be up to $189.76 in 2027.
Is Salesforce a tech giant?
Take a look: Among tech companies, Salesforce tops the list when it comes to sourcing tech talent, surpassing even Amazon and Microsoft. This shouldn't come as a surprise; the company has positioned itself well to take advantage of all the potential clients that need customer-relationship management (CRM) software.
What will Salesforce be worth in 5 years?
According to our forecasts, the price of Salesforce stock will be between $410 and $490 per share in the next five years.
Is Salesforce the future?
Through Salesforce Lightning, the company has increased sales rep productivity and provided businesses with analytics and intelligence that has driven sales. The company reports that Salesforce Lightning is the future of CRM software and that it creates new levels of efficiency when compared to its core CRM product.
Is Salesforce still in demand?
Today, there is a huge demand for Salesforce-specific skills. This is the reason for the creation of 3.3 million new jobs is predicted in the Salesforce economy by 2022. As mentioned earlier, several Salesforce-specific roles are in huge demand today.
Is Salesforce in boom?
Yes. Salesforce is a booming technology, which could be better observed from surveys and other metrics from job portals like Glassdoor and Indeed.com. According to the latest IDC study, Salesforce is projected to generate 4.2 million new jobs by 2024 in the Salesforce economy.
Is Salesforce worth learning in 2021?
2021 is all about creating new opportunities and regaining the lost confidence of the year gone by. Learning Salesforce will make you well-versed with one of the most dynamic CRM platforms that have helped organizations save time and money while dealing with the complicated customer database.
Is Salesforce still in demand 2021?
Salesforce saw a 38% rise in its jobs listings from 2020-2021 and 4.2M jobs will be created in the Salesforce ecosystem by 2024. On February 24th, 2021 a panel of industry experts discussed how roles are evolving and the in-demand tech skills we are seeing, as well as tips on how to advance your career.
How much is Salesforce revenue in 2021?
Shanhong Liu. The annual revenue of Salesforce reached 21.25 billion U.S. dollars in its 2021 fiscal year, a record high. Subscription and support is the business segment that contributed the most to the company’s continued sales boom, bringing in revenue worth close to 20 billion U.S. dollars in the same fiscal year.
What is Salesforce's share?
In 2019, Salesforce had a 18.4 percent share in the global CRM applications market, leaping ahead of Oracle and SAP. Over the past 20 years, the firm has grown into one of the largest software and programming companies, as well as one of the most valuable tech brands worldwide .
Where is Salesforce based?
A cloud-based software company headquartered in California, Salesforce specializes in software-as-a-service (SaaS) offerings and made its name with its wide range of customer-relationship management (CRM) services. In 2019, Salesforce overtook Microsoft and became the market leader in the global public cloud SaaS market.
How much revenue does Salesforce have in 2034?
Salesforce wants to reach $60 billion revenue goal by 2034. We all know that Salesforce sets big goals. It just recently blew through its $10 billion goal just a few years after CEO and co-founder Marc Benioff had set it, but the company has no intention of simply stopping there, not by a long shot. In a slide posted on Twitter today ...
How much did Furlenco raise?
Furlenco, a Bangalore-based startup that operates an eponymous furniture and appliance rental service, said today it has raised $140 million in a financing round as it looks to scale its operations...
Is Salesforce an ordinary company?
But to this point, Salesforce has not been an ordinary company. It is not simply sitting back and protecting its turf. It continues to innovate and make strategic purchases to keep itself very much on the cutting edge of technological change, whether that is artificial intelligence or the Internet of Things.
How much is Salesforce worth in 2030?
Assuming that Salesforce and Microsoft's price-to-sales ratios remain roughly the same as today, Salesforce could be worth about $1 trillion by the end of 2030, while Microsoft's market cap could climb over $5 trillion.
How much is Microsoft worth?
When Satya Nadella became Microsoft 's ( NASDAQ:MSFT) third CEO seven years ago, the tech giant was worth $300 billion. Today, it's worth over $2 trillion. Microsoft will likely keep growing over the next decade, but it could struggle to repeat its near-sevenfold growth since 2014.
Is Salesforce worth more than Microsoft?
So Salesforce could join the trillion-dollar club by 2030, but it probably won't be worth more than Microsoft. However, Salesforce will likely grow faster than Microsoft during the 2020s.
Is Microsoft expanding its reach in the cloud?
Meanwhile, Microsoft will keep growing as Azure expands its reach in the cloud infrastructure market, Windows continues its evolution into a service, and it launches new hardware and gaming devices.
Is Salesforce forecasting for 2026?
Salesforce didn't provide any forecasts beyond 2026, but it would only need to generate a CAGR of 14.9% for the following five years to hit $100 billion in annual revenue by fiscal 2031. Microsoft hasn't offered any comparable long-term forecasts, but analysts expect its revenue to rise 16% this year and 12% next year.
The past 10 years
Between fiscal 2011 and fiscal 2021, which ended this January, Salesforce's annual revenue rose from $1.66 billion to $21.25 billion, representing a compound annual growth rate (CAGR) of 29.1%.
How the next decade might go
Last December, Salesforce estimated it could more than double its annual revenue to $50 billion by fiscal 2026. That would represent a CAGR of 18.7% between 2021 and 2026.
But market caps don't matter all that much
So Salesforce could join the trillion-dollar club by 2030, but it probably won't be worth more than Microsoft.
How much revenue will Salesforce generate in 2026?
Salesforce's own estimates outpace that forecast. At its investor day presentation in December, management estimated the company would generate over $50 billion in annual revenue in fiscal 2026 -- which would represent a CAGR of 19% between fiscal 2021 and 2026.
How much of the CRM market is Salesforce?
Salesforce controlled 19.8% of the global customer relationship management (CRM) market in the first half of 2020, according to IDC. The firm has named Salesforce the market leader for seven straight years.
How much will Slack grow in 2022?
It expects Slack ( NYSE:WORK), the enterprise communication company it recently agreed to acquire in a $27.7 billion deal, to grow at a CAGR of 38% between fiscal 2022 and 2026 and generate $4 billion in annual revenue in the final year.
What is the global CRM market?
Image source: Getty Images. The global CRM market, which was valued at $40.2 billion in 2019, could continue expanding at a compound annual growth rate (CAGR) of 14.2% from 2020 to 2027, according to Grand View Research.
Is Salesforce stock cheaper?
Salesforce's stock already looks cheaper than those of many other high-growth cloud stocks at eight times next year's sales. However, its revenue estimates for 2026 indicate the stock could easily double within the next five years while maintaining the same price-to-sales ratio.
