Callidus Software, Inc. (NASDAQ: CALD), doing business as
CallidusCloud®, is the global leader in cloud-based sales, marketing, learning
and customer experience solutions. The company’s proprietary suite of business
offerings enables customers to identify leads, ensure proper distribution,
enable sales forces, automate price quoting and streamline sales compensation
in order to secure larger deals in less time. The company’s current customer
base, which includes over 3,900 leading organizations in a variety of
industries, relies on Callidus to optimize the lead-to-money process, opening
the door for more revenue on an accelerated schedule.
By automating key portions of the marketing and sales
processes, Callidus addresses the historical divide between the two vital
business components. This groundbreaking approach to increased market share has
helped the company achieve a host of recognition from the industry. In 2014,
Callidus was awarded the ‘Cloud Computing Product of the Year Award’ by Cloud
Computing magazine, as well as named ‘Best New Product – Financial Services’ at
the International Business Awards℠, for its lead-to-money suite.
In the first quarter of 2015, Callidus built on this
industry recognition by posting impressive financial results. Benefitting from
the continued success of its product suite, the company recorded total revenue
of $39.7 million, which was a substantial 28 percent year-over-year
improvement, as well as a 37 percent year-over-year increase in SaaS revenue.
“I was pleased with our focus on execution in [the first
quarter],” Leslie Stretch, president and chief executive officer of Callidus,
stated in a news release. “In a busy quarter when we moved our headquarters and
conducted a successful secondary offering we achieved record revenues and
record recurring revenues. We beat both our cloud revenue growth percentage and
total revenue guidance.”
Callidus is in a strong position to continue expanding upon
its recent financial performance in the future. According to a report by MarketsandMarkets,
the current value of the sales performance management (SPM) software market is
estimated to be approximately $2.48 billion, and the sector is expected to grow
to $5.62 billion by 2020. As businesses around the globe continue to shift from
spreadsheets to the cloud, the company’s groundbreaking lead-to-money suite
should present Callidus with an opportunity to promote strong market growth.
“The growth in the SPM market is driven by customers… who
are looking to advance beyond traditional ineffective sales methods encumbered
by spreadsheets,” Eric Brown, Callidus’s senior vice president of sales,
stated. “The benefits of a modern, customer-centric selling solution are huge.”
For prospective shareholders, the near limitless market
potential of the company’s software suite makes Callidus an intriguing
investment opportunity moving forward.
For more information, visit www.calliduscloud.com
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Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
