01:00 – First, a reminder that Salesforce is on a more-than $3-billion-dollar annualized run rate for its industry clouds. Second, the company’s latest industry clouds for media and for energy and utilities are both in hypergrowth.
Full Answer
How much revenue does Salesforce generate from service clouds?
31% of Salesforce revenue is generated by Service Cloud sales. Most recent figures show Salesforce CRM revenue growing by 23.2% annually. Salesforce has 11.7% of the marketing CRM market share, 7.3% behind Adobe. 58% of Salesforce customers say they have plans to integrate additional Salesforce clouds.
What are the different types of clouds in Salesforce?
Salesforce offers six major types of clouds: Sales Cloud, Marketing Cloud, Commerce Cloud, Service Cloud, Experience Cloud, and Analytics Cloud. There are nine other types of clouds in Salesforce for specific applications and industries, including a new Vaccine Cloud for managing COVID tests and vaccines.
How many customers does Salesforce have 2010?
Salesforce launches Service Cloud, bringing customer service and support automation features to the market. Revenues rise by more than 20% to $1.3 billion for the fiscal year, ending January 31, 2010. Salesforce’s global customer base grows to 72,000 customers.
How much has Salesforce grown each year?
We’ve charted Salesforce annual revenue growth since 2001: Fiscal year Revenue 2018 $10.54 billion 2019 $13.28 billion 2020 $17.1 billion 2021 $21.25 billion 17 more rows ...
How many cloud does Salesforce have?
Salesforce offers six major types of clouds: Sales Cloud, Marketing Cloud, Commerce Cloud, Service Cloud, Experience Cloud, and Analytics Cloud. There are nine other types of clouds in Salesforce for specific applications and industries, including a new Vaccine Cloud for managing COVID tests and vaccines.
How much revenue does Salesforce generate?
Total fiscal 2022 revenue was $26.49 billion, up 25% year-over-year, and 24% in constant currency. Subscription and support revenues for the year were $24.66 billion, up 23% year-over-year. Professional services and other revenues for the year were $1.84 billion, up 44% year-over-year.
How much of the market share does Salesforce have?
Salesforce is the leading vendor in the customer relationship management (CRM) applications market worldwide with a market share of 23.8 percent in 2021. The company leads the market with a big margin: next in line to Salesforce are SAP, Microsoft, and Oracle with around five percent shares of the market.
How much money is Salesforce worth?
How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Salesforce net worth as of June 22, 2022 is $166B.
How large is Salesforce?
The CRM giant reported subscription and support revenues of US$12.41 billion, an increase of 27% year-over-year. Salesforce ranked 240 on the 2019 Fortune 500 list of the largest United States companies by revenue.
Will Salesforce survive?
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.
Who is Salesforce biggest customer?
Top 8 Salesforce CustomersBharat Petroleum Corporation Limited (BPCL)Olx India.Godrej Group.Razorpay.Safexpress.Titan Company.ClearTax.redBus.
What is the biggest CRM?
Contents#1 Salesforce.#2 Microsoft Dynamics CRM.#3 Zoho CRM.#4 Monday.com CRM.#5 SugarCRM.#6 Oracle CRM.#7 SAP CRM.#8 Adobe CRM.More items...•
Is Salesforce a #1 CRM?
SAN FRANCISCO—April 26, 2021—Salesforce [NYSE: CRM], the global leader in CRM, today announced that for the eighth consecutive year it has been ranked the #1 CRM provider by International Data Corporation (IDC) in its latest Worldwide Semiannual Software Tracker.
Is Salesforce bigger than Microsoft?
Today, Salesforce holds a commanding 19%+ share of the CRM market. Microsoft Dynamic 365 has a smaller market share, but definitely not insignificant—it's between 3-4%, putting the company in fifth place among all CRM vendors overall.
Can Salesforce beat Microsoft?
As the world's top software companies race to build full portfolios of cloud-based industry-specific solutions, Salesforce has probably grabbed the #1 spot from rivals Microsoft, SAP and Oracle with its annualized revenue run-rate of $2 billion.
Is Salesforce a Fortune 500 company?
Salesforce, which jumped 50 spots to #137 on the FORTUNE 500 list in 2021, was also recently recognized on the “Best Large Workplaces for Women” list (for the fifth consecutive year), “Best Workplace in Technology” list (for the fifth consecutive year), and as one of the “World's Most Admired Companies®” (for the ...
Salesforce.com
Salesforce is a software company which focuses its business around cloud related software-as-a-service (Saas). The company has experienced rapid growth in recent years, with revenues increasing from around 1.3 billion dollars in 2010 to 21.25 billion in 2021.
Software as a service (SaaS) market
One of the many reasons for Salesforce's success is the rapid growth of the SaaS market itself. Bringing in less than 15 billion dollars in 2010, SaaS market revenues have grown to an estimated 157 billion as of 2020.
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Who is the CEO of Salesforce?
Download. Salesforce Chair & CEO, Marc Benioff, delivers the Dreamforce To You 2020 Keynote from Salesforce Park.
When is Salesforce's 22nd anniversary?
March 2021 marks the 22nd anniversary of Salesforce. The timeline below shows the history of Salesforce over the years. It captures some milestones along the way, illustrating our record of doing well while doing good.
Where is Dreamforce held?
The first Dreamforce event is held at the Westin St. Francis hotel in downtown San Francisco. Just over 1,000 registered attendees take part in the event, which has 52 presentations. sForce 2.0 — the industry’s first on-demand application service — is launched at the event.
What makes Salesforce stand out?
One of the things that make Salesforce stand out is the way in which it uses money to fund educational programs and to offer grants, particularly in the field of computer science. It means that many of the next generation of experts will have their learning funded by the company thanks to its donations.
What is Salesforce's biggest rival?
Salesforce’s biggest rival in the market at the moment is SAP. It shows just how dominant Salesforce is that its biggest rival has a market share of just 8.3%, less than half of the market share currently taken up by Salesforce. It means that its dominance looks pretty solid, even though nothing should be taken for granted.
What is Salesforce's philanthropic approach?
It means that 1% of its revenue, 1% of its resources and 1% of its employees’ time is dedicated to giving back to the community and other charitable causes. It’s a big step in corporate philanthropy that the company has been taking for a number of years now, which in turn helps boost Salesforce growth trends.
Is Salesforce the biggest CRM company?
The market is relatively diverse, with lots of companies operating within it and competing for customers. Still, Salesforce has one-fifth of the market share, making it the biggest company out there.
Is Salesforce bigger than Salesforce?
The Salesforce Ecosystem is actually much bigger than Salesforce itself, and that’s set to increase. Over the next few years, it’s expected that the overall Salesforce Ecosystem will grow to be five times bigger than Salesforce. It’s a big part of why many companies choose Salesforce over the other options out there.
Does Fortune 100 use Salesforce?
It’s a very big deal the vast majority of Fortune 100 companies now use at least one Salesforce application. It shows that the biggest and most successful players in the business world see Salesforce as the best option for them. That can be used to leverage further interest in the company’s products and boost Salesforce revenue growth.
Does Salesforce use AppExchange?
Salesforce customers don’t just use the apps created by Salesforce. They also get access to AppExchange, which is part of the wider ecosystem set up by Salesforce and contributed to by people all over the world. According to the latest Salesforce ecosystem statistics, more than seven in ten Salesforce customers use the AppExchange.
Salesforce App Cloud
Salesforce App Cloud is a mobile app management and development solution.
Salesforce Service Cloud
Salesforce Service Cloud is the complete service management platform that aids businesses to function with channel partners and customers to offer the best service efficiently.
Salesforce Marketing Cloud
Previously referred to as ExactTarget, Salesforce Marketing Cloud is said to be the digital marketing support of the Salesforce family.
Salesforce Community Cloud (Experience Cloud)
Regardless of how large or small a company is, online communities have become an integral part of their CRM strategy.
Salesforce Health Cloud
Salesforce Health Cloud is a health IT CRM platform that offers doctor-patient relations and records management features.
22 Years of Salesforce News Highlights
1999
2000
- Like many other tech companies, Salesforce endured challenges brought on by the dot-com bubble bursting, and 20% of the company’s workforce was laid off.
- On February 7, salesforce.com officially launches at an event themed around “The End of Software” at San Francisco’s Regency Theater with 1,500 attendees and a concert with The B-52s.
- Like many other tech companies, Salesforce endured challenges brought on by the dot-com bubble bursting, and 20% of the company’s workforce was laid off.
- On February 7, salesforce.com officially launches at an event themed around “The End of Software” at San Francisco’s Regency Theater with 1,500 attendees and a concert with The B-52s.
- In March, Salesforce gets a boost from its first piece of major press coverage, in The Wall Street Journal, when it hires actors to stage a mock protest outside a Siebel Systems conference. The “pr...
- Salesforce.org launches the1-1-1 model, leveraging its technology, people, and resources to improve communities around the world.
2001
- In April, Salesforce announces its expansion into the worldwide marketplace with headquarters in Dublin and Tokyo.
- Salesforce surpasses 3,000 customers, making it the fastest-growing CRM company.
- In November, Benioff is named Chief Executive Officer and Chairman.
- Salesforce delivers $22.4 million in revenue for the fiscal year, ending January 31, 2002.
2002
- By end of the year, the company has 5,740 customers, 70,000 users in 107 countries accessing the service in multiple currencies and eight languages.
- Salesforce delivers $51 million in revenue for the fiscal year, ending January 31, 2003.
- Marc Benioff makes a prediction about the future of Salesforce, CRM, and business: “There were the leaders, but Oracle displaced them. The same thing is going to happen again. It’s th…
- By end of the year, the company has 5,740 customers, 70,000 users in 107 countries accessing the service in multiple currencies and eight languages.
- Salesforce delivers $51 million in revenue for the fiscal year, ending January 31, 2003.
- Marc Benioff makes a prediction about the future of Salesforce, CRM, and business: “There were the leaders, but Oracle displaced them. The same thing is going to happen again. It’s the beginning of...
2003
- The first Dreamforceevent is held at the Westin St. Francis hotel in downtown San Francisco. Just over 1,000 registered attendees take part in the event, which has 52 presentations.
- sForce 2.0 — the industry’s first on-demand application service — is launched at the event.
- The company’s employees number more than 400.
- It establishes a global presence, opening offices in Australia, France, Germany, Ireland, Japan…
- The first Dreamforceevent is held at the Westin St. Francis hotel in downtown San Francisco. Just over 1,000 registered attendees take part in the event, which has 52 presentations.
- sForce 2.0 — the industry’s first on-demand application service — is launched at the event.
- The company’s employees number more than 400.
- It establishes a global presence, opening offices in Australia, France, Germany, Ireland, Japan, Spain, and the U.K.
2004
- On June 23, Salesforce successfully completes its initial public offering on the New York Stock Exchange, raising $110 million at $11 per share.
- Salesforce earns $176 million in revenue over the fiscal year ending January 31, 2005.
- The company has 767 employees.
- The customer base has grown to 13,900.
2005
- In September, Salesforce introduces its AppExchangeservice, offering third-party developers a place to work on their own applications and open them up to Salesforce customers.
- By the end of the year, the company’s customer base stands at 20,500 worldwide, with nearly 400,000 unique users.
- The company surpasses 1,300 employees by end of fiscal year.
- In September, Salesforce introduces its AppExchangeservice, offering third-party developers a place to work on their own applications and open them up to Salesforce customers.
- By the end of the year, the company’s customer base stands at 20,500 worldwide, with nearly 400,000 unique users.
- The company surpasses 1,300 employees by end of fiscal year.
- It has earned $309.98 million in revenue for fiscal year ending January 31, 2006.
2006
- Salesforce’s mobile journey starts with the acquisition of wireless technology startup Sendia, and the original Salesforce mobile app, AppExchange Mobile.
- The AppExchange ecosystem grows into a vibrant marketplace with 575 apps from 250 independent software vendors.
- In a defining moment, Benioff shares his view that business is the greatest platform for chan…
- Salesforce’s mobile journey starts with the acquisition of wireless technology startup Sendia, and the original Salesforce mobile app, AppExchange Mobile.
- The AppExchange ecosystem grows into a vibrant marketplace with 575 apps from 250 independent software vendors.
- In a defining moment, Benioff shares his view that business is the greatest platform for change, publishing The Business of Changing the Worldwith essays by 20 other thought leaders.
- The Power of Us partner program launches, engaging Salesforce’s partners with the 1-1-1 philanthropy model.
2007
- IdeaExchange (nowTrailblazer Community) launches, inviting customers to contribute new feature ideas for future releases.
- At Dreamforce, plans for the Force.com technology platform are announced, which will allow developers to build applications on the Salesforce platform and create any user interface on demand.
- IdeaExchange (nowTrailblazer Community) launches, inviting customers to contribute new feature ideas for future releases.
- At Dreamforce, plans for the Force.com technology platform are announced, which will allow developers to build applications on the Salesforce platform and create any user interface on demand.
- Salesforce reports revenue of $748.7 million for the fiscal year ending January 31, 2008.
- Users exceed 1.1 million, from 41,000 customers across the globe.