Salesforce q2 earnings 2024

Second quarter non-GAAP operating margin was

Read the Salesforce FY Q2 earnings press release for more information. Salesforce has been rapidly adopting and incorporating AI into its product offerings and rolling them out throughout the quarter. The company has been among the most active SaaS vendors in incorporating generative AI technologies across its product portfolio, while also demonstrating a commitment to deploying it responsibly, via the Einstein Trust Layer. Our view is that, given the rapid integration of generative AI into Sales Cloud, Marketing Cloud, Service Cloud, and Commerce Cloud, among its other products, Salesforce should be able to continue to win over prospects that are increasingly trying to leverage the customer data they have been collecting to provide more personalization and context-relevant products and services. From a business unit perspective, all units continue to post double-digit revenue growth for fiscal Q2 in constant currency. The vision of equipping workers with their own productivity assistant by embedding AI across the entire suite of products is not solely a Salesforce vision. Further, the price hikes that were announced earlier in the summer are not baked into FY guidance, with Millham expecting impacts to occur over the next 3 years as contracts renew.

Salesforce q2 earnings 2024

Posted by Joachim Bartels Sep 11, ! Homepage Slider ,! Salesforce delivered the following results for its fiscal second quarter:. Second quarter non-GAAP operating margin was Restructuring negatively impacted second quarter GAAP operating margin by 50 bps. Restructuring negatively impacted second quarter operating cash flow growth by 16, bps. Source: Salesforce Earnings Release. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general. The BIIA library is approaching 10, news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. You must be logged in to post a comment.

A live webcast and replay details of the event will be available on the Salesforce Investor Relations website at www. Amortization of purchased intangibles 2.

Categories Analysis , Technology. Customer relationship management platform Salesforce, Inc. Encouraged by the positive outcome, the management raised its full-year guidance. The shares have maintained an uptrend since the beginning of the year, after suffering losses in From the lower valuation, the stock seems to be on its way back to the record highs of

Salesforce, Inc. After managements prepared remarks, we will open the floor to questions. Sir, you may begin. Michael Spencer: Thank you. Good afternoon, and thanks for joining us today on fiscal third quarter results conference call. Our press release, SEC filings and a replay of today's call can be found on our website. As a reminder, our commentary today will include non-GAAP measures. Some of our comments today may contain forward-looking statements that are subject to risks, uncertainties and assumptions, which could change. Should any of these risks materialize or should our assumptions prove to be incorrect, actual company results could differ materially from these forward-looking statements. A description of these risks, uncertainties and assumptions and other factors that could affect our financial results is included in our SEC filings, including our most recent report on Forms K, Q and any other SEC filings.

Salesforce q2 earnings 2024

Salesforce CRM shares gained 5. The robust year-over-year bottom line was mainly driven by higher sales and the benefits of ongoing cost-restructuring initiatives, which include the trimming of the workforce and a reduction in office spaces. Salesforce has been benefiting from the resilient demand for its cloud and business software offerings in an uncertain macroeconomic environment as customers are continuing with their major digital transformation.

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Linkedin Youtube Facebook. Considering the bright long-term prospects of the business, investors can consider adding CRM to their portfolios. Research Note. Non-GAAP operating margin 1. Salesforce Q2 Earnings Infographic. Homepage Slider ,! Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of The Futurum Group as a whole. He has also established strong working relationships with the international technology vendor community and is a frequent speaker at industry conferences and events. Fiscal From a business unit perspective, all units continue to post double-digit revenue growth for fiscal Q2 in constant currency. Ron Westfall. Data Management. Author Information. Viewing Highlight.

Salesforce CRM is scheduled to report second-quarter fiscal results on Aug Further, the improved customer experience is anticipated to have aided the cloud segment. Moreover, the growing demand for generative artificial intelligence AI -enabled cloud-based solutions is anticipated to have aided top-line growth in the second quarter.

Economic Validation Futurum. These releases are a result of significant research and development investments made over multiple years, designed to help customers drive cost savings, boost efficiency, and build trust. First Name Required. Encouraged by the positive outcome, the management raised its full-year guidance. The company has been among the most active SaaS vendors in incorporating generative AI technologies across its product portfolio, while also demonstrating a commitment to deploying it responsibly, via the Einstein Trust Layer. See below for an explanation of non-GAAP financial measures. The Futurum Group's Statement on Israel. The current price is well above the week average. Author Information. Viewing Highlight. Related Posts.