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Salesforce claims 'record' quarter record at Oracle and SAP's expense

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David Reilly
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The SaaS provider bounced back into the black for the first three months of 2016, its fiscal 2017, reporting net income of $38m.

Revenue was up 26.8 per cent to $1.91bn, leaving Salesforce with an EPS of $0.06 versus $0.01 for the prior year.

Profit came after three successive months in 2015 – Salesforce s fiscal 2016 – of loss.

The first three months of the firm's fiscal year to end of April has become a period when Salesforce manages to actually turn a profit.

Salesforce is thriving because - according to chief executive Marc Benioff - Oracle and SAP are doing so badly when it comes to cloud.

Buoyed by fortune, Salesforce upped its ante for the full year results to making between $8.16bn and $8.20bn, an increase of between 22 and 23 per cent.

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David Reilly
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