March 8, 2017

Last week SaaS provider Salesforce (NYSE: CRM) posted its fiscal 2017 fourth quarter and full year results, including fourth quarter revenue of $2.29 billion, a 27 percent increase year-over-year, and subscription and support revenue of $2.11 billion, a 25 percent increase year-over-year. Professional services and other revenue made up the remaining $183 million, a 45 percent increase year-over-year. Subscription and support revenue represents 92 percent of total revenue, while professional services and other revenue account for the other 8 percent.