Skip to main content revenues up as cloud firm outflanks analysts

The CEO of
The CEO of

Cloud service provider saw a big year-on-year jump in its Q2 2015 results (38%) to $1.32 billion (about £800 million, AU$ 1.5 billion), one that didn't translate into a big jump in share prices.'s stock briefly sunk in the red after the announcement, probably because analysts were expecting a higher earnings per share (expected, $0.12, achieved $0.13) but recovered later in the day.

In pre-market trading, it has reached $56.10 (about £800 million, AU$ 1.5 billion), valuing the company at more than $34.2 billion (about £800 million, AU$ 1.5 billion).

Its CEO, Marc Benioff, expects the full fiscal 2015 revenue to reach $5.37 billion, ballooned by a rise in subscription and support revenues as well as professional services.

The company is currently sitting on cash reserves of $1.67 billion, one which could be used in the short term to fill gaps in its services portfolio. acquired four companies last year (Exacttarget, EdgeSpring, EntropySoft and Clipboard) but only one (RelateIQ) so far in 2014.