“We’re really seeing some momentum and some cadence that’s very powerful for the company,” Benioff said. SAP reported total 2020 revenue of 27.34 billion euros (U.S. San Francisco-based Salesforce expects to reach $50 billion in revenue by its fiscal year 2026, Benioff said, up from $21.25 billion in its fiscal year 2021, which ended Jan. Salesforce has the largest market share in CRM industry by far, according to figures from research firm IDC posted by the company in October-with 19.8 percent of the worldwide market versus 4.8 percent for SAP during the first half of 2020.ĭuring the quarterly call Thursday, Benioff predicted that “we’re about to pass SAP as the largest enterprise applications company in the world.”īenioff did not specify what measurement he’s using, or offer a specific timeframe, saying only that Salesforce surpassing SAP is “imminent.” When it comes to Salesforce rival SAP, Benioff said that SAP has a smaller presence in the customer relationship management (CRM) market than in the past. Revenue climbed 23 percent during the quarter, year over year, to reach $5.96 billion. Speaking during the company’s quarterly call with analysts, Benioff described Salesforce’s first quarter of its fiscal 2022, ended April 30, as the best first quarter in company history. Salesforce has its sights set on passing SAP as the largest enterprise applications company in the world, with momentum that is underscored by strong growth in the company’s latest quarter, CEO Marc Benioff said Thursday.
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