Insights for IT Negotiations

Salesforce announced their FY22 Q2 earnings and they once again had another strong quarter, posting an impressive 23% revenue growth while also raising full year guidance by over $300M. On top of this, Salesforce once again reminded everyone how confident they are that they will hit $50B by FY26. Beyond the normal callouts to the strength of their product portfolio (the Customer 360) and the strong demand environment, each Salesforce executive made it a point to mention the very important role Slack is going to play in Salesforce’s success moving forward. In this podcast, Salesforce Practice Leader, Adam Mansfield, discusses where Salesforce will focus to accomplish these goals, including how they will position and use Slack as well as the tactics they will deploy to meet and exceed their $50B target. He also shares how enterprise customers can take advantage of some of these insights as they prepare for their upcoming Salesforce renewal negotiations. Host: Adam Mansfield: https://bit.ly/3rPGp8r SalesForce Commercial Advisory Services: https://bit.ly/2V78ADX

Workday has received approval to sell their applications within the US Federal market and its Workday Government Cloud product is now listed on the Federal Risk and Authorization Management Program (FedRAMP) marketplace. This is a huge opportunity for Workday who directly competes with Oracle in multiple areas. UpperEdge’s Workday Practice Leader, Jeff Lazarto, shares his thoughts on this significant milestone. Host: Jeff Lazarto: https://bit.ly/37eCXdN Workday Commercial Advisory Services: https://bit.ly/3fq96DV

Workday and Google announced a multi-year strategic partnership that will allow Workday applications to run on Google’s infrastructure. With both Workday and Google facing strong competition, this partnership and its joint go-to-market programs will create more sales and marketing channels that will help generate more opportunities and better position them to compete with the likes of Oracle, SAP, Microsoft, and AWS. In this podcast, Workday Practice Leader, Jeff Lazarto, discusses why this partnership makes sense (especially with Google Cloud under Thomas Kurian’s leadership) and how customers could benefit from the mash up. Host: Jeff Lazarto: https://bit.ly/37eCXdN Workday Commercial Advisory Services: https://bit.ly/3fq96DV

ServiceNow posted subscription revenue growth of 31%, beat previous guidance, and raised full year guidance. ServiceNow also increased the number of customers paying over $1M per year by 25%. Not only is ServiceNow clearly executing to their land and expand strategy, but they are also having success pushing more products into the portfolios of net new customers as well. In Q2, the average deal size for net new customers grew over 50%. In this podcast, ServiceNow Practice Leader, Adam Mansfield, discusses where ServiceNow will focus to accomplish their goal of growing from a $5B company to a $15B company. This includes a sales pitch tied to selling a solution made up of pieces of each of their workflows (e.g., IT Workflows, Customer & Employee Workflows, and Creator Workflows) and a new purchasing vehicle, the Now Buying Program. He also shares how customers could potentially take advantage of some of these key insights in their upcoming ServiceNow negotiations and renewals. Host: Adam Mansfield: https://bit.ly/3rPGp8r ServiceNow Commercial Advisory Services: https://bit.ly/3xic4Aj

Microsoft once again beat both top and bottom line expectations as well as prior business segment revenue guidance. It is clear that Microsoft’s overall success and ability to achieve $60B in profit, is being driven by the success of their Commercial Cloud. Moving forwards, customers will heavily rely on Commercial Cloud and the products that make it up (Office 365, Microsoft 365, Dynamics 365, LinkedIn, Azure, Power Platform, etc.). As covered by both Satya Nadella and Amy Hood during the earnings call, Microsoft is going to push the full “stack” of cloud offerings and pitch it as the only solution for today’s businesses. In this podcast, Microsoft Practice Leader, Adam Mansfield, discusses how Microsoft’s focus on selling customers as many pieces of their cloud as possible will provide an opportunity for customers to optimize their go-forward commercial relationship. Host: Adam Mansfield: https://bit.ly/3rPGp8r Microsoft Commercial Advisory Services: https://bit.ly/2V78ADX

Oracle announced a new rewards program where customers who migrate or move their workloads over to Oracle’s Cloud Infrastructure (OCI) can receive a 25% reduction on their on-premise support costs. For example, if a customer consumes $1M in OCI credits, they will be discounted $250K towards their on-premise support costs. While this may sound great, there is a potential catch. Before enrolling, customers should ensure this is a program they can really take advantage of. Jeff Lazarto, UpperEdge’s Oracle practice leader, discusses the caveats to be aware of and gives more information on Oracle’s OCI discounting in this podcast. For more details, read the related blog, Oracle Support Rewards: 4 Caveats Every Customer Should Know, here: https://bit.ly/3zUXRvz Host: Jeff Lazarto: https://bit.ly/37eCXdN Oracle Commercial Advisory Services: https://bit.ly/3jdtF7p Related Blog: https://bit.ly/3yjYaPn

On June 9th, 2021, Oracle released its new Java Management Service (JMS). The free service is meant to help customers track, monitor, and optimize their Java usage across the entire enterprise. While it may sound great on the surface, using JMS could put customers at a greater risk of being audited by Oracle. Jeff Lazarto, UpperEdge’s Oracle Practice Leader, speaks more about Oracle’s JMS and the risks it poses in this podcast and in his blog, Java Management Service (JMS) – Beware of Oracle’s Trojan Horse Host: Jeff Lazarto: https://bit.ly/37eCXdN Oracle Commercial Advisory Services: https://bit.ly/3jdtF7p Related Blog: https://bit.ly/3rSV8iH

In their recent Q1 earnings call, Co-CEOs Chano Fernandez and Aneel Bhusri spent a good amount of time talking about Workday’s growth goals and where they are focusing their efforts. First, hey are looking to increase their global work force by more than 20% (2,500 new hires by the end of 2021). Second, and this is a longer-term goal, is to get to $10B in annual revenue; they are currently forcasting $4.5B for 2021. Jeff Lazarto, UpperEdge’s Workday Practice Leader, gives insight into why these focus areas are important to Workday, but more so, the impact it will have on Workday customers. Host: Jeff Lazarto: https://bit.ly/37eCXdN Workday Commercial Advisory Services: https://bit.ly/3A6KOXt Related Blog: https://bit.ly/3A7hUq9

Salesforce announced their Q1 FY22 earnings and they once again had another strong quarter. CEO, Mark Benioff, mentioned that they are not only raising FY22 revenue guidance to $26B, but that this $250M increase is the largest raise they have ever had. On top of this, Salesforce once again reminded everyone how confident they are that they will hit $50B by FY26. Salesforce’s “super strong” pipeline and ability to hit an all-time high in 7-figure-plus transactions with more than 4 clouds on average is driving Salesforce’s success. In this podcast, Salesforce Practice Leader, Adam Mansfield, discusses where Salesforce will focus to accomplish these goals and the tactics they will deploy to reach their $26B revenue target this year and $50B target four years from now. He also shares how enterprise customers could potentially take advantage of some of these key insights in their upcoming Salesforce negotiations and renewals. Host: Adam Mansfield: https://bit.ly/3rPGp8r SalesForce Commercial Advisory Services: https://bit.ly/37hFkMV

Last week, ServiceNow held its virtual Financial Analyst Day event ahead of its annual Knowledge conference kick off. During it, ServiceNow laid out how they will grow from $5.5B in revenue at the end of 2021 to $15B in FY26. It all comes down to the tried-and-true SaaS vendor “land and expand” playbook. Beyond putting an emphasis on landing new customers, they are going to rely on growth, cross selling (i.e., pushing more products into customer portfolios) and upselling (i.e., pushing customers to the most robust and costly editions). In this podcast, ServiceNow Practice Leader, Adam Mansfield, discusses where ServiceNow will focus to accomplish these goals and the tactics they will deploy to reach their $15B revenue target. He also shares how enterprise customers could potentially take advantage of some of these key insights in their upcoming ServiceNow negotiations and renewals. Host: Adam Mansfield: https://bit.ly/3rPGp8r ServiceNow Commercial Advisory Services: https://bit.ly/3ls6VDt