Salesforce’s Strange Quarter Exposes a Shaky SaaS Model
By April-end, things were looking very different for Salesforce. While the valuations of tech companies were taking a beating, demand for enterprise software held down the fort. San Francisco-based Salesforce, the largest pure-play cloud vendor of subscription-based enterprise software, reported quarterly revenue of USD 7.4 billion—an increase from their previous quarter. The company was projected to cross the USD 30 billion mark in annual revenue this year.
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