Salesforce's CEO sets $20 billion sales target for 2022
- Mark Benioff, Salesforce's founder, chairman and co-CEO, said he's targeting $20 billion in sales by 2022 in an interview with CNBC.
- Salesforce had $10.48 billion in sales in 2018, nearly a 25% increase from 2017.
- In March, Salesforce acquired MuleSoft, a tech company that allows developers to connect different apps together, in a deal valued at $6.5 billion.
The calendar might have just flipped to 2019, but Salesforce's Mark Benioff already has expectations for 2022.
The founder, chairman and co-CEO of the San Francisco-based software company said he's targeting $20 billion in sales for 2022 in an interview with CNBC.
Salesforce had $10.48 billion in sales in 2018, a 24.88% uptick from 2017.
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Benioff's goal for 2022 is roughly on par with the growth of the company's sales in recent years. Since 2014, Salesforce has increased sales by over 106%.
However, the company had a volatile end to 2018. After Salesforce stock reached a company-high of $160 per share in September, its value dropped nearly 24% in the ensuing months. Still, Salesforce shares jumped 5% after the company offered a 'beat and raise' in its third-quarter earnings report at the end of November. Salesforce shares are currently valued at $137.96.
A key part of Salesforce's continued growth will be MuleSoft, which it acquired last year for a deal valued at $6.5 billion. MuleSoft offers cloud services, like Salesforce, to allow developers to connect different apps together.