Salesforce.com, inc. (NYSE:CRM) put to pause concerns about its ability to sustain and grow its business amidst stiff competition by posting stellar fourth-quarter earnings. CNBC’s, Jim Cramer, remains bullish on the stock reiterating that the impressive run could see it become the first enterprise software company to hit the $10 billion mark in terms of revenue.
Salesforce rallied in after-hours of trading after providing a positive guidance much to the liking of Wall Street. CEO, Marc Benioff, during an interview on CNBC affirmed that the company will be the first to hits the $6 billion mark on revenue in the second quarter.
“I think it is going to reignite the super growth stocks that failed so miserably last year this time. […] I think this quarter will put this stock right out of that range that has kept it bound for so long. salesforce.com, inc. (NYSE:CRM) has become the fastest enterprise software to hit the $5 billion revenue mark, and I know it will be the fastest to hit $10 billion,” said Mr. Cramer.
Regardless of currency fluctuations that the likes of Hewlett-Packard Company(NYSE:HPQ) have been complaining about, Benioff reiterates that the company will grow through it to $6.5 billion by next year inclusive of $200 million in foreign exchange headwinds.
Expansion in Japan according to Benioff is another frontier that should propel salesforce.com, inc. (NYSE:CRM) to the $10 billion mark on revenues as the company continues to expand its operations there. The Japanese government remains one of the company’s biggest customers in the country according to the CEO as the race for market share heats up.
Europe remained Salesforce fastest growing sales region despite the dollar making substantial gains against the Euro as France continues to justify the company’s investments in the region with better returns. German transaction with ABB also lifted salesforce.com, inc. (NYSE:CRM) earnings in the region especially after the company reiterated that it was going to change its customer experience with Salesforce products.
A partnership with Microsoft Corporation (NASDAQ:MSFT) on Office 365 that was initially downplayed continues to turn out as one of the best moves, in spreading Salesforce products according Benioff.
“[…] This was salesforce.com, inc. (NYSE:CRM) and Microsoft Corporation (NASDAQ:MSFT) partnering together to show what the power is of office 365 and Salesforce as one system and this is a game changer for us. It is a lot more than lip service because now we are delivering deals. We are able to go to market together. […] I just saw our new wave analytics crowd integrated with Excel we are able to go to the largest and most importantly Microsoft Corporation (NASDAQ:MSFT) customers like ABB and deliver a combined solution,” said Mr. Benioff.
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