Salesforce Projects Annual Revenue That May Exceed Estimates

Pedestrians walk past the DreamForce Conference in San Francisco, California, on Nov. 6, 2017. — Pedestrians walk past the DreamForce Conference in San Francisco, California, on Nov. 6, 2017.
Photographer: Michael Short/Bloomberg

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By Brian Womack

November 6, 2017 at 10:55 PM UTC

This article is for subscribers only.

Salesforce.com Inc. projected fiscal 2019 revenue that could exceed expectations, reassuring Wall Street that the software company can keep delivering on growth.

Revenue will be $12.45 billion to $12.5 billion in the year ending in January 2019, Salesforce said Monday in a statement. That may top estimates of $12.45 billion, according to data compiled by Bloomberg. Shares gained about 2.2 percent in extended trading after the forecast was released.