Subscribe

Salesforce Reports Double-Digit Revenue Growth For Q4, Fiscal 2013

SalesforceSalesforce.com posted double-digit revenue growth in Q4 and its full fiscal year, which ended Jan 31, and projected strong earnings for the coming fiscal year.

For the full fiscal year 2013, the company reported revenue of $3.05 billion, an increase of 35% from the prior year. Subscription and support revenues were $2.87 billion, an increase of 35% on a year-over-year basis. Professional services and other revenues were $181 million, an increase of 29% on a year-over-year basis.

Total Q4 revenue was $835 million, an increase of 32% on a year-over-year basis. Subscription and support revenues were $785 million, an increase of 32% on a year-over-year basis. Professional services and other revenues were $49 million, an increase of 31% on a year-over-year basis.

In the company’s earnings report, officials projected revenues of $3.82 billion to $3.87 billion for fiscal 2014, an increase of 25% to 27% year-over-year.