Salesforce continues to grow in strength in the enterprise market as the firm posted revenues of $957m for the second quarter of 2013. After costs this left the firm with income of $76.6m, up massively on the income loss of $9.8m posted in 2012.
The revenue figure of $957m was an increase of 31 percent on the same quarter in 2012 and grew in part due to the $2.5bn acquisition of ExactTarget helping to boost its balance sheets, after the deal was officially closed in July this year.
Revenue from subscription services was $903m, and $54m came from the firm's professional services division that provides advice to customers.
The rising revenues mean the firm is set to post its first $1bn quarter in Q3 of its 2014 fiscal year, a milestone that chief executive and founder Marc Benioff was keen to tout.
"Salesforce.com continues to be the fastest-growing software company of its size with year-over-year growth of more than 30 percent in revenue, deferred revenue, and operating cash flow," he said.
"I'm delighted to announce that just four years after delivering our first $1bn revenue year, we are now poised to deliver our first $1bn revenue quarter in the third quarter of fiscal 2014."
As such the firm raised its guidance for full-year earnings for fiscal year 2014 to between $4bn and $4.025bn.
The rising sales achieved by Salesforce are a strong reminder of the strength of the cloud and the willingness for enterprises to host key systems such as customer relationship management (CRM) tools and marketing services online.
During its rapid rise Salesforce has had a number of run-ins with rivals such as Oracle, but earlier this year the firms made peace in a move analysts saw as a sign that the cloud market has reached a new stage of maturity.
Yeah, sorry about all that, simpers Zuckerberg
Vivaldi promotes DuckDuckGo search engine over Google over privacy concerns
Scientists say that strontium titanate could transform electronics
The wheels of justice grind surprisingly slowly