- Some "huge" wins and a good economy are to thank for Salesforce's strong first quarter results, CEO Marc Benioff says.
- He says customers are going through a "massive digital transformation."
A good economy and "huge" investments by customers are to thank for Salesforce's strong first quarter results, CEO Marc Benioff told CNBC on Tuesday.
In an interview with "Mad Money" host Jim Cramer after earnings were released, Benioff said the company had a "fantastic" quarter.
"The economy is really ripping and you can see that customers are going through this massive digital transformation," he said.
Excluding certain items, the company reported 74 cents per share. Revenue came in at $3.01 billion versus the $2.95 billion expected by analysts.
Salesforce is also raising its guidance to $13.125 billion for this year, up from $10.5 billion last year, Benioff explained.
He's also bullish about his long-term goals. Benioff said it is "crystal clear" that the company is "fast tracking" to a revenue run rate of $20 billion, which he'd like to hit by fiscal year 2022.
A big part of that is the diversified success the company has seen in all of the industries it works in, he explained.
There has also been "phenomenal growth" in its largest customers, like Citi, he added.
The U.S. Department of Agriculture, Kering, and Adidas have also been huge wins for Salesforce this quarter, said Benioff.