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Salesforce company is crushing Oracle He is very confident this time, Salesforce CEO Marc Benioff says his company is ‘crushing Oracle’
Benioff who is the CEO Salesforce attributed Salesforce’s growth in part to the company’s recent acquisitions, which included Demandware, an e-commerce play, Krux, an audience engagement company, and Quip, a productivity suite similar to Microsoft Office.
Speaking with Applygist.com the CEO said that Demandware, now known as the Salesforce Commerce Cloud, greatly exceeded his expectations for the first quarter in helping retailers find their footing in the cloud.
In a statement by him, “You can really see we are crushing Oracle,” Benioff told “Mad Money” host Jim Cramer on Thursday. “SAP, Microsoft — it’s just across the board. We’re getting all these great wins in sales, in service in marketing.”
In recent times, Salesforce reported a 2-cent first-quarter earnings beat and raised its guidance by $100 million for fiscal year 2018, Chairman and CEO Marc Benioff said rival cloud plays simply cannot keep up.
CRM’s Benioff says company ‘crushing Oracle’ CRM’s Benioff says company ‘crushing Oracle’
Thursday, 18 May 2017 | 6:56 PM ET | 01:16
After Salesforce reported a 2-cent first-quarter earnings beat and raised its guidance by $100 million for fiscal year 2018, Chairman and CEO Marc Benioff said rival cloud plays simply cannot keep up. Salesforce company is crushing Oracle
“You can really see we are crushing Oracle,” Benioff told “Mad Money” host Jim Cramer on Thursday. “SAP, Microsoft — it’s just across the board. We’re getting all these great wins in sales, in service in marketing.”
Benioff pointed to a market share chart from IDC, an independent research firm, showing that Salesforce continues to take business away from its competitors.
Applygist.com also quoted him to say “Take a look at those numbers. Look at our market share line, Jim, against SAP and Oracle. They’re flat to down. We’re up exponentially. There’s no comparison,” he told Cramer.
“Every major retailer in the world is going through a huge transformation from being primarily kind of brick-and-mortar based to going online. And, in some cases, just as you mentioned, they’re doing both. They’re linking their retail, physical presence, with online. That is really powerful. And we’re doing all that through the Salesforce Commerce Cloud,”
The CEO said Quip had an incredible deal at 21st Century Fox this quarter where they’re replacing Microsoft Office with 20,000 users using Quip. That is an incredible story,” the CEO said.
Mr Benioff thanked a number of tailwinds for the company’s better-than-expected results, touting the company’s recently expanded partnerships with Amazon, Visa, and IBM.
In a closing remark, take his words CRM’s Benioff says company ‘crushing Oracle’ CRM’s Benioff says company ‘crushing Oracle’
Thursday, 18 May 2017 | 6:56 PM ET | 01:16
After Salesforce reported a 2-cent first-quarter earnings beat and raised its guidance by $100 million for fiscal year 2018, Chairman and CEO Marc Benioff said rival cloud plays simply cannot keep up.
“You can really see we are crushing Oracle,” Benioff told “Mad Money” host Jim Cramer on Thursday. “SAP, Microsoft — it’s just across the board. We’re getting all these great wins in sales, in service in marketing.” Salesforce company is crushing Oracle
Benioff pointed to a market share chart from IDC, an independent research firm, showing that Salesforce continues to take business away from its competitors.
“Take a look at those numbers. Look at our market share line, Jim, against SAP and Oracle. They’re flat to down. We’re up exponentially. There’s no comparison,” he told Cramer.
Benioff attributed Salesforce’s growth in part to the company’s recent acquisitions, which included Demandware, an e-commerce play, Krux, an audience engagement company, and Quip, a productivity suite similar to Microsoft Office.
Salesforce company is crushing Oracle
The CEO said that Demandware, now known as the Salesforce Commerce Cloud, greatly exceeded his expectations for the first quarter in helping retailers find their footing in the cloud.
“Every major retailer in the world is going through a huge transformation from being primarily kind of brick-and-mortar based to going online. And, in some cases, just as you mentioned, they’re doing both. They’re linking their retail, physical presence, with online. That is really powerful. And we’re doing all that through the Salesforce Commerce Cloud,” he said.
The others, Benioff added, are both amassing a considerable customer base and taking share away from competitors.
“Quip had an incredible deal at 21st Century Fox this quarter where they’re replacing Microsoft Office with 20,000 users using Quip. That is an incredible story,” the CEO said.
All in all, Benioff thanked a number of tailwinds for the company’s better-than-expected results, touting the company’s recently expanded partnerships with Amazon, Visa, and IBM.
“We’re just seeing an amazing set of situations for Salesforce and customer wins, foreign exchange going our way. And also you see it’s really the culmination of many great quarters coming together to produce amazing numbers for this quarter,”
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