Salesforce has announced huge profits for the third quarter of this fiscal year.
At its Dreamforce conference being held this week in San Francisco, the company reported revenues exceeding $331 million (198 million) for the third quarter - a growth of 20 per cent compared to the same period last year - mostly down to subscriptions and support revenues.
The company has predicted even larger revenues of between $340 million to $342 million for the next quarter.
Marc Benioff, chairman and chief executive of Salesforce, said during his keynote speech at Dreamforce: "We now have almost 70,000 companies like you on our systems across the world with some of the largest most important companies in the world [e.g. EMC, VMware, Cisco]."
"It is amazing what is happening [with cloud computing]," he added.
Noting that there were over 19,000 delegates in attendance at the conference from 60 countries around the world, Benioff concluded: "The attendance is definitely a sign that something is happening here in the software industry... that will allow us to all come together, to all see the future, to understand it and create it."
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