“We grew faster than every ‘best-of-breed’ cloud [competitor] out there,” CEO Bill McDermott says.
Companies are adopting new standards aimed at improving comparability by implementing a single revenue recognition model.
The $6.5 billion acquisition of MuleSoft gives Salesforce a platform for integrating business apps, databases, and corporate IT infrastructure.
The storage firm's offering could be “a bellwether for the fortunes and fates of other outsized startups" that have been waiting to go public.
The $2.4 billion deal "aligns perfectly to SAP's innovation strategy to transform the front office," the German tech giant says.
The growing popularity of best-of-breed applications plays into the hands of data integrators like Talend.
The company expects cloud growth of 39% to 43% in Q2, disappointing investors who are watching its efforts to catch up with Amazon and Microsoft.
Proofpoint, aiming to double in size within three years, leverages innovation and luck on the way there, its finance chief says.
The software developer's shares have risen more than 33% above the offering price in the first two days of trading.
The software firm has been expanding into cloud-based apps amid increasing competition in its core CRM business.
The whistleblower lawsuit by a former senior finance manager marks the latest criticism of how technology vendors are reporting cloud-related revenues.
The deal puts Salesforce in the same fast-growing space as Oracle and SAP, which already offer cloud-based e-commerce services.
