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Tag: Customer 360

  • Salesforce Posts Record First Quarter

    Salesforce Posts Record First Quarter

    Salesforce has delivered its first quarter results, posting a record quarter on strong Customer 360 results.

    Salesforce posted $5.96 billion in revenue, a 23% increase year-over-year. Subscription and support revenue accounted for $5.54 billion of that, an increase of 21%, with the professional services and other revenue sources making up $0.43 billion, an increase of 47%.

    “We had the best first quarter in our company’s history,” said Marc Benioff, Chair & CEO, Salesforce. “We believe our Customer 360 platform is proving to be the most relevant technology for companies accelerating out of the pandemic. With incredible momentum throughout our core business, we’re raising our revenue guidance for this fiscal year by $250 million to approximately $26 billion and non-GAAP operating margin to 18 percent. We’re on our path to reach $50 billion in revenue in FY26.”

    “Our performance in the first quarter was strong across all financial metrics,” said Amy Weaver, President and Chief Financial Officer, Salesforce. “We saw record levels of new business and strength across all products, regions, and customer sizes. Our impressive start to this year helps fuel our momentum for the rest of the year as we keep pace toward our goal of $50 billion in revenue in FY26.”

    In addition to beating earnings estimates, Salesforce issued stronger guidance than analysts were expecting, predicting $0.91 to $0.92 per share for the second quarter, on $6.22 billion to $6.23 billion. In contrast, according to CNBC, analysts had been expecting $0.86 on $6.15 billion.

  • Salesforce Delivers One Of Its Best Quarters Ever

    Salesforce Delivers One Of Its Best Quarters Ever

    Salesforce has announced its quarterly results, and it is one of the best in the company’s history.

    Salesforce reported $5.15 billion in revenue for its fiscal second quarter, representing a 29% increase year-over-year. The largest chunk of that was its subscription and support revenue, which experienced a 29% growth, coming in at $4.84 billion.

    The company’s adjusted earnings per share was $1.44, roughly doubling Wall Street’s expectations. Salesforce also increased its guidance for Q3 FY21 to $5.24 to $5.25 billion. Similarly, it raised its guidance for FY21 to $20.7 Billion to $20.8 Billion.

    “It’s humbling to have had one of the best quarters in Salesforce’s history against the backdrop of multiple crises seriously affecting our communities around the world,” said Marc Benioff, Chair and CEO of Salesforce. “Salesforce was founded on our belief in stakeholder capitalism and our core values of trust, customer success, innovation and equality. Our success in the quarter brought all of this together with the power of our Customer 360 platform, the resilience of our business model, putting our customers first and doing our part to take care of all of our stakeholders. We know that together we have an opportunity to emerge from these times even stronger.”