Salesforce, the world leader in CRM systems, reports quarterly quarterly on excellent financial results. The figures for the second quarter of 2017 turned out to be so good that the company's shares have updated the absolute maximum. The profit grew by 25.5% year on year, to $ 2.56 billion, which is higher than expectations of $ 50 million. This is the highest figure in the company's history. It is planned that the annual profit of Salesforce for the first time will exceed $ 10 billion.
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This is the maximum revenue achieved by any company in the cloud applications industry. CEO and founder of the corporation Mark Benioff said Salesforce is aiming for a profit target of $ 20 billion a year. Separate analysts believe that Benioff's talent is the main ingredient of the success of the company. Among the business principles of CEO Salesforce are such ideas as "The only thing, EPS, equal to $ 0.33, also exceeded expectations by $ 0.01. Sales Cloud sales grew 17% to $ 886.4 million and accounted for 37% of all revenues.
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The share of revenue from cloud services increased from 21% to 30% of total revenue. The company's operating cash flow grew by 32% to $ 331 million. Recently, the corporation has been trying to strengthen its position in the healthcare industry. Fifteen of the twenty best pharmaceutical companies are already Salesforce customers. Among the most profitable companies of partners from other industries can be called T.Rowe Price, Toshiba, New York Life.
Salesforce Inc. is good enough to start buying from the current level, but a more profitable scenario would be to wait for a rollback to the $ 92 support level and go into long positions there. Stop loss in this case will be set at $ 88.50, and we begin to fix the profit from $ 105.
