December 4, 2018

Last week, CRM SaaS company Salesforce (NYSE: CRM) reported record results for the third quarter of fiscal year 2019, ended October 31, 2018. The company reported revenue of $3.39 billion, a 26 percent increase year-over-year, and unearned revenue of $5.38 billion, a 25 percent increase year-over-year. Subscription and support revenue was $3.17 billion, a 26 percent increase year-over-year. Professional services and other revenue made up the remaining $224 million, a 15 percent increase year-over-year.