Home » Industry » CRM » Salesforce.com Second Quarter Revenue Growth 31% Buoyed by ExactTraget Acquisition

Salesforce.com Second Quarter Revenue Growth 31% Buoyed by ExactTraget Acquisition

iStock_000005745636XSmallSalesforce.com’s total Q2 revenue was $957 million, an increase of 31% on a year-over-year basis, benefited in part by the acquisition of ExactTarget which closed in July 2013.   Subscription and support revenues were $903 million, an increase of 31% on a year-over-year basis.  Professional services and other revenues were $54 million, an increase of 23% on a year-over-year basis.

Cash generated from operations for the fiscal second quarter was $183 million, an increase of 34% on a year-over-year basis.  Total cash, cash equivalents and marketable securities finished the quarter at $930 million. During the quarter, the company raised $300 million from a term loan utilized in connection with the acquisition of ExactTarget.

Operating Loss for the Q2 was $ 39.8 million versus $ 13.5 million in Q2 2012.  Operating loss for the first six month of 2013 was $84.4 million versus $ 35.7 million in 2012.

“Salesforce.com continues to be the fastest growing software company of its size with year-over-year growth of more than 30% in revenue, deferred revenue, and operating cash flow,” said Marc Benioff, Chairman and CEO, salesforce.com. “I’m delighted to announce that just four years after delivering our first $1 billion revenue year, we are now poised to deliver our first $1 billion revenue quarter in the third quarter of fiscal 2014.”

Source:  Salesforce.com

Leave a Reply