Salesforce.com (CRM – Free Report) recently launched a new set of tools that run on low-codes to expedite app building process by companies. Per Outsystems, low-code is a faster way of designing and developing software with minimal hand-coding.
The new set of tools is devised to run on salesforce’s Lightning Platform, built to avoid obstructions like developer gap and IT backlogs plus deploy next-generation cloud applications.
The new set of tools has been built on the company’s Software-as-a-Service (SaaS)-based application, Force.com, which allows its customers to develop personalized applications using languages of their own choice and convenience.
Per management, Lightning Platform — integral to the salesforce Platform offering — gained wide adoption as it has been used to develop more than 220,000 apps.
Moreover, per a recent study by the International Data Corporation (IDC), salesforce enterprise clients using the Lightning Platform witnessed an ROI of 545% over the last five years. Moreover, the market research firm stated that enhanced productivity of the platform users led to revenue benefits of about $8.8 million per company surveyed.
The salesforce Platform as a whole has seen impressive growth over the years. In the company’s last reported quarter, this service grew 34% year over year. This upside was driven by a continued adoption of platforms like Heroku and the Lightning.
Salesforce.com Inc Revenue (TTM)
Salesforce.com Inc Revenue (TTM) | Salesforce.com Inc Quote
Cloud Computing Spurs Growth Opportunity
Salesforce’s strategy of frequent product launches and cloud services are helping it expand its clientele, thereby driving the top-line growth in turn.
The rapid adoption of the SaaS-based salesforce platform demonstrates solid demand for the company’s cloud-based solutions. Moreover, higher enterprise spending on cloud computing is a key catalyst.
