August 29, 2017

When Salesforce (NYSE: CRM) reported its second quarter financials for its fiscal year 2018, for the period ended July 31, 2017, it had some exciting news to share. Salesforce exceeded a $10 billion run rate, a milestone it achieved faster than any other enterprise software company. They also reported second quarter revenue of $2.56 billion, a 26 percent increase year-over-year, including subscription and support revenue of $2.37 billion, a 26 percent increase, and professional services and other revenue of $193 million, a 28 percent increase year-over-year. Subscription and support revenue now represents 92.6 percent of Salesforce’s total revenue.