Uppercut Podcasts By Upperedge

Salesforce Beat Expectations with Strong Q3 FY19 Earnings

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Sinopsis

Salesforce had another stellar quarter, beating analysts’ expectations in its third-quarter earnings last night. Revenue is up 26% y-o-y and the Remaining Performance Obligation (RPO) is now at $21.2B, up 34%. The company raised FY 2019 guidance and expects 2020 revenue to reach $16B, expecting continued growth in cloud computing sales. Marc Benioff has even higher expectations for Q4, putting some pressure on co-CEO Keith Block. The strategic acquisition of Mulesoft, which was finalized in May, is already showing success with its ability to unlock data from legacy systems and accelerate digital transformation – a current focus for C-suite executives. Mulesoft helps power Customer 360, Salesforce’s multiconnected cloud product which combines Sales, Service, Einstein AI, and analytics into a single platform. This offering a competitive advantage for Salesforce which they will continue to push in order to increase product adoption. In this podcast, our Salesforce Practice Leader, Adam Mansfield covers what th