Salesforce brought in $4.5 billion in revenue for the quarter. Tableau contributed $308 million of that, above the $300 million Wall Street expected. This led Platform and Other revenue to grow 74 percent in the quarter. MuleSoft also had a strong quarter, and re-accelerated to 77 percent subscription growth, up from 61 percent growth last quarter.
"Investors biggest pushback with CRM over the past 12-ish months have been that margins haven't expanded in nearly 3 years," Lemenage said, referring to Salesforce by its stock ticker. "The 'problem' is that acquiring these large companies comes with incremental expenses and therefore margins have stayed flat to do rather than expanding"
Products like Service Cloud, Marketing Cloud and Platform are becoming more important to the company's growth going forward. And given Salesforce's history of successful acquisitions, analysts are still optimistic in the long run.
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