Salesforce.com CEO Marc Benioff was sounding bullish as usual with the robust forecast the the company will soon hit $6 billion in revenue on a road trip to $10 billion, according to Business Insider.
Salesforce reported a successful quarter, and rose 11% to $69.80. Management reported a 32% increase in revenue to $5.37 billion, and projected $6.5 billion. Benioff mentioned $10 billion, which is not a pipe dream, since the company already has $9 billion under contract, and some of it is in the form of deferred revenue (billed but not yet paid).
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Benioff, characteristically bold, said, according to BusinessInsider, “We are the fastest software company to reach $5 billion and in 90 days, we’re going to be on the phone talking to you about the fastest software company to reach $6 billion. My dream is crystal clear–to be the first one in the cloud, and the fastest software company, to reach $10 billion.”
Perhaps to take profits, Marc Benioff unloaded 12, 500 shares on Tuesday February 24th and 37, 000 February 25th. This isn’t a case of his just talking up his company so he can reap gains in the share price, since Benioff has been consistent on meeting his forecasts. Benioff received the Tech Crunchie CEO award for 2014, and his company Salesforce is one of the top employers in San Francisco.
