Microsoft's Salesforce-killer product is selling well

#Microsoft reported a lot of good news with its earnings on Thursday, sending its stock to all-time highs. For instance, it said revenue for its Productivity and Business Processes unit grew 6% (up 8% in constant currency) to $6.7 billion. Most of that is from #Office365. Microsoft says that revenue from the consumer versions of Office 365 alone grew by $24 million. It doesn't report the revenue of the Office 365 it sells to businesses, which is, presumably a lot more, but did say that it grew by 51%. However, Microsoft also credited the unit's good quarter to its Dynamics products. This is the software that competes with the likes of #Salesforce, #Oracle and #SAP. It includes software that helps salespeople manage their interactions with prospects and customers (known as customer resource management software, or CRM), which is Salesforce's bread-and-butter. It also includes the financial apps (known as enterprise resource planning, or ERP), which is SAP's bread-and-butter, and a big deal for Oracle, too, as well as Workday. Dynamics products and cloud services revenue grew 11%, or 13% in constant currency, when allowing for the foreign exchange rate, Microsoft says. The online version, Dynamics CRM Online, grew paid seats by more than 2.5 times
http://www.businessinsider.com/microsoft-salesforce-killer-product-selling-well-2016-10