Salesforce, Inc.’s (CRM) second-quarter fiscal 2025 non-GAAP earnings per share (EPS) increased 21% to $2.56 from $2.12 in the year-ago quarter. The figure also surpassed the Zacks Consensus Estimate of $2.35. The robust year-over-year growth was 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.This enterprise cloud computing solution provider’s quarterly revenues of $9.33 billion increased 8% year ...

Shares of cloud software specialist Salesforce Inc (NYSE:CRM) are 1.3% higher at $262.25 at last glance, pulling back from its open around the $271 mark, after posting better-than-expected earnings and revenue figures for the second quarter. In addition, the firm hiked its full-year outlook, and announced the departure of CFO Amy Weaver.Options traders are attacking CRM in response. So far, 31,000 calls and 26,000 puts have been exchanged, which is already 9 times the average daily volume. The weekly 8/30 2 ...

NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Salesforce, Inc. (NYSE:CRM) for potential violations of the federal securities laws. If you invested in Salesforce, you are encouraged to submit your information at https://www.bfalaw.com/cases-investigations/salesforce-inc. Why Did Salesforce’s Stock Drop? On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. In pertinent part, Salesforce’s reported $9.13 b ...

Key TakeawaysSalesforce shares jumped in premarket trading Thursday after the enterprise software company reported better-than-expected second-quarter results and lifted its full-year profit outlook, as customers increased spending on its suite of cloud products. Thursday’s projected earnings pop positions the stock for a decisive breakout above the top trendline of a symmetrical triangle, potentially marking the start of a new trend higher.Amid post-earnings buying in Salesforce shares, investors should mo ...

Salesforce NYSE: CRM is a leading cloud software and technical sector player. Salesforce’s earnings report for the second quarter of fiscal year 2025 (Q2 FY2025) was recently released, and the results topped Salesforce’s analyst community’s expectations, sending Salesforce stock higher in after-hours trading. The company exceeded revenue and earnings per share (EPS) estimates and, most importantly, maintained its full-year revenue outlook, a positive development that boosted investor confidence.The report a ...

Financial Data and Key Metrics Changes - The company reported Q2 revenue of $9.33 billion, an increase of 8% year-over-year in nominal terms and 9% in constant currency [17][56] - Subscription and support revenue grew by 9% year-over-year and 10% in constant currency [17][56] - Non-GAAP operating margin reached 33.7%, up 210 basis points year-over-year [19][58] - Operating cash flow was $892 million, reflecting a 10% year-over-year increase [19][58] - Remaining Performance Obligation (RPO) ended at $53.5 billion, up 15% year-over-year [58] Business Line Data and Key Metrics Changes - Multi-cloud deals accounted for nearly 80% of new business in the quarter, with 16,000 customers adding a new cloud and over 4,500 adding two or more clouds [18][50] - Data Cloud processed 2.3 quadrillion records, with a 110% year-over-year growth in platform consumption [34] - The number of paid Data Cloud customers grew by 130% year-over-year, and customers spending over $1 million annually doubled [33][57] Market Data and Key Metrics Changes - The Americas revenue grew by 7% or 8% in constant currency, while EMEA grew by 11% in both nominal and constant currency [56] - APAC revenue increased by 9% or 16% in constant currency, with strong new business growth in Japan, India, and Canada [56] - Public sector, healthcare, and communications and media sectors performed well, while travel, transportation, hospitality, manufacturing, automotive, and energy sectors faced constraints [56] Company Strategy and Development Direction - The company is focusing on the Agentforce platform, which aims to integrate AI capabilities into its services, enhancing productivity and customer experiences [9][46] - The strategy emphasizes the importance of Data Cloud as a foundation for AI transformation, with plans to onboard all customers onto the platform [33][34] - The company aims to transition customers into "agent-first" organizations, leveraging AI to automate workflows and improve efficiency [47][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning in the AI landscape, highlighting the transformative potential of the Agentforce platform [20][25] - There is a recognition of the challenges customers face in adopting AI, with a focus on providing a comprehensive platform to alleviate the need for DIY solutions [21][37] - The company anticipates continued growth in multi-cloud deals and strong demand for AI solutions, with a commitment to maintaining profitable growth [50][59] Other Important Information - The company announced a record high quarterly return to shareholders of $4.7 billion, including $4.3 billion in share repurchases [59] - The CFO, Amy Weaver, will step down at the end of the fiscal year, with a search for her successor already underway [39][41] Q&A Session Summary Question: Growth equation for Salesforce and the role of Generative AI - The question focused on understanding the various growth drivers for Salesforce, including Generative AI, industry cloud, and international expansion [67] Question: Pricing strategy with the introduction of agents - Concerns were raised about how productivity gains from agents might affect the number of seats used and how pricing would adapt to ensure continued value for Salesforce [67]

Salesforce's fiscal 2025 second-quarter results came in ahead of management guidance on several financial metrics.Customer relationship management specialist Salesforce (CRM -2.01%) reported fiscal 2025 second-quarter financial results on Wednesday that showed solid growth across multiple metrics. Second quarter revenue of $9.33 billion rose 8% year over year and exceeded internal guidance. Earnings per share (EPS) of $1.47 also topped management expectations. Overall, Salesforce's quarter (which ended July ...

Salesforce.com (CRM) reported $9.33 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 8.4%. EPS of $2.56 for the same period compares to $2.12 a year ago.The reported revenue represents a surprise of +1.04% over the Zacks Consensus Estimate of $9.23 billion. With the consensus EPS estimate being $2.35, the EPS surprise was +8.94%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 31, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . | --- | |-------------------------------------------------------------| | | | Commission File Number: 001-32224 | | Salesforce, Inc. | | (Exact name of Re ...

Salesforce.com (CRM) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.94%. A quarter ago, it was expected that this customer-management software developer would post earnings of $2.38 per share when it actually produced earnings of $2.44, delivering a surprise of 2.52%.Over the last ...