Software-as-a-service pioneer Salesforce reported revenue of $2.14 billion, up 25 percent year over year, and a deepening net loss of $37.31 million for its third-quarter FY17 period ended Oct. 31. That loss compares to a net loss of $25.15 million in the year-ago period.
“I’m delighted to announce that we expect to deliver our first $10-billion year during our fiscal year 2018, which puts us well on the path to reach $20 billion faster than any other enterprise software company,” said Marc Benioff, chairman and CEO of Salesforce, in a statement.
Salesforce’s Sales Cloud generated the biggest share of revenue, accounting for $776.2 million. Next, in order, were Service Cloud, App Cloud “and other,” and Marketing Cloud.
During its busy third quarter, Salesforce introduced Einstein, an artificial-intelligence ingredient to be added to all its offerings. It flirted with buying Twitter, a move investors didn’t like. And it lost out to Microsoft in its bid to buy LinkedIn.
Shares were up $4.13, or 5.5 percent, in after-hours trading.
[Editor’s Note: Salesforce is a GeekWire annual sponsor.]