Key TakeawaysSalesforce reported rising revenue and net income in the first fiscal quarter of 2025 from the year-ago period, though its revenue missed analysts' estimates.Salesforce's guidance for the second quarter was also weaker than expected.Salesforce maintained its previously announced full-year outlook.Shares of Salesforce fell more than 17% in extended trading Wednesday following the release. Salesforce (CRM) shares tumbled over 17% in extended trading Wednesday after the customer relationship manag ...

With software stocks already struggling, Salesforce (CRM) on Wednesday reported first-quarter earnings that topped estimates while revenue missed. July quarter revenue guidance for Salesforce stock came in well below expectations. Shares tumbled as investors await a boost from artificial intelligence products.X The enterprise software maker released the April-quarter Salesforce earnings report after the market close. Salesforce's sales growth has slowed despite an acquisition spree that included Slack Techn ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Salesforce shares plummeted 17% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street's expectations.Here's how the company did, compared with the LSEG consensus:Earnings: $2.44 per share, adjusted, vs. $2.38 per share expectedRevenue: $9.13 billion, vs. $9.17 billion expectedSalesforce called for ...

Revenue Performance - Q1 revenue reached $9.13 billion, up 11% year-over-year (Y/Y) and 11% in constant currency (CC), with subscription & support revenue at $8.59 billion, up 12% Y/Y[2] - Total revenues for Q1 2024 increased to $9,133 million, up from $8,247 million in Q1 2023, representing a 10.7% growth[21] - Subscription and support revenue grew to $8,585 million in Q1 2024, a 12.3% increase compared to $7,642 million in Q1 2023[21] - Q2 FY25 revenue guidance is $9.20 billion to $9.25 billion, representing 7% - 8% Y/Y growth[5] - Full-year FY25 revenue guidance is maintained at $37.7 billion to $38.0 billion, up 8% - 9% Y/Y, with subscription & support revenue growth slightly below 10% Y/Y and approximately 10% in CC[5] - Subscription and support revenues for the three months ended April 30, 2024, totaled $8.585 billion, with Sales at $1.998 billion, Service at $2.182 billion, Platform and Other at $1.718 billion, Marketing and Commerce at $1.282 billion, and Integration and Analytics at $1.405 billion[32] - Total revenue by geographic region for the three months ended April 30, 2024, was $9.133 billion, with Americas contributing $6.062 billion, Europe $2.145 billion, and Asia Pacific $926 million[33] - Constant currency growth rates for subscription and support revenues showed Integration and Analytics growing at 25% for the three months ended April 30, 2024, compared to the same period in 2023[35] Profitability and Margins - Q1 GAAP operating margin was 18.7%, up 1,370 basis points Y/Y, and non-GAAP operating margin was 32.1%, up 450 basis points Y/Y[3] - Full-year FY25 GAAP operating margin guidance is lowered to 19.9%, while non-GAAP operating margin guidance is maintained at 32.5%[5] - Net income for Q1 2024 was $1,533 million, a significant increase from $199 million in Q1 2023[21] - Gross profit margin improved to 76% in Q1 2024, up from 74% in Q1 2023[23] - Non-GAAP income from operations for the three months ended April 30, 2024, was $2.928 billion, compared to GAAP income from operations of $1.709 billion[37] - Non-GAAP operating margin as a percentage of revenues was 32.1% for the three months ended April 30, 2024, compared to GAAP operating margin of 18.7%[37] - Non-GAAP diluted net income per share for the three months ended April 30, 2024, was $2.44, compared to GAAP diluted net income per share of $1.56[38] Cash Flow and Financial Position - Q1 operating cash flow was $6.25 billion, up 39% Y/Y, and free cash flow was $6.08 billion, up 43% Y/Y[2] - Full-year FY25 operating cash flow growth guidance is maintained at 21% - 24% Y/Y[5] - Cash and cash equivalents increased to $9,958 million at the end of Q1 2024, up from $8,472 million at the end of Q4 2023[25] - Net cash provided by operating activities was $6,247 million in Q1 2024, compared to $4,491 million in Q1 2023[26] - Free cash flow for the three months ended April 30, 2024, was $6.084 billion, compared to GAAP net cash provided by operating activities of $6.247 billion[42] Operational Expenses and Investments - Operating expenses decreased to $5,262 million in Q1 2024 from $5,710 million in Q1 2023, reflecting a 7.8% reduction[21] - Research and development expenses increased to $1,368 million in Q1 2024, up from $1,207 million in Q1 2023, reflecting a 13.3% growth[21] - Strategic investments resulted in a net gain of $37 million in Q1 2024, compared to a net loss of $141 million in Q1 2023[21] - Stock-based compensation expense totaled $750 million in Q1 2024, up from $696 million in Q1 2023[26] Performance Obligations and Revenue Recognition - Current remaining performance obligation (CRPO) was $26.4 billion, up 10% Y/Y and 10% in CC[2] - Remaining Performance Obligation (RPO) as of April 30, 2024, was $53.9 billion, with $27.5 billion current and $26.4 billion noncurrent[29] - Unearned revenue at the end of the period was $16.061 billion, down from $19.003 billion at the beginning of the period[30] Shareholder Returns - Q1 share repurchases totaled $2.2 billion, and dividend payments to stockholders were $0.4 billion[2] Product Releases and Innovation - Salesforce delivered three major product releases annually, with the Summer 2024 Product Release now available[10] Non-GAAP Financial Measures - The company uses non-GAAP financial measures to provide a more complete view of operational performance and enable meaningful period-to-period comparisons[43][44] - Non-GAAP Operating Margin excludes stock-based compensation, amortization of acquisition-related intangibles, and restructuring charges to reflect long-term benefits rather than short-term operational performance[45] - Stock-Based Compensation Expense is excluded from non-GAAP results as it aligns employee interests with stockholders and focuses on long-term retention rather than short-term operational performance[45] - Amortization of Purchased Intangibles is excluded from non-GAAP measures as it arises from pre-acquisition activities and is not affected by current operational performance[46] - Restructuring charges are excluded from non-GAAP results as they are distinct from ongoing operational costs and do not reflect current or future business performance[47] - Gains (Losses) on Strategic Investments are recorded in GAAP financial statements but excluded from non-GAAP estimates due to unpredictability[48] - The Company uses a fixed long-term projected non-GAAP tax rate of 23.5% for fiscal 2024 and 22.0% for fiscal 2025 to provide consistency across reporting periods[49] - Constant currency revenue growth rates are calculated by converting prior period results using the weighted average exchange rate for the quarter being compared[50] - Free cash flow is defined as GAAP net cash provided by operating activities less capital expenditures[51]

It's Nvidia's world right now as the company's stock continues its torrid run. (Photo by Justin ... [+] Sullivan/Getty Images)Getty ImagesKey Takeaways Nvidia Up 10% Since Earnings First Quarter Earnings Coming To An End Equity Valuations Being StretchedStocks came into the holiday shortened weak on a hot streak. Both the S&P 500 and Nasdaq Composite have notched five consecutive weeks of gains, putting May on pace to be the best month of 2024. Although Tuesday was relatively quiet, with the Nasdaq gaining ...

WASHINGTON, May 29, 2024 (GLOBE NEWSWIRE) -- ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, today announced that the ibex Wave iX AI-enabled CX solution suite has earned a 2024 CRM Excellence Award, presented by CUSTOMER magazine, for helping clients improve the customer experience. “ibex is proud to win the CRM Excellence Award for the third year in a row,” said ibex CEO Bob Dechant. “Generative AI is changing CX ...

  Analyst Estimates for Q1 FY 2025 Q4 FY 2024Q1 FY 2024  Revenue$9.15 billion $9.29 billion$8.25 billion Diluted Earnings Per Share $1.45 $1.47 20 cents Net Income $1.44 billion $1.45 billion $199 million Key Metric: Data Cloud Growth Salesforce's data cloud segment has come into focus as enterprise customers work to leverage their data in the AI era. The company reported in February that its data cloud segment was approaching $400 million in annual recurring revenue, nearly doubling year-over-year. Sale ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Salesforce (CRM) is set to announce its first-quarter fiscal 2025 results on May 29. The company’s performance is expected to reflect positive demand trends driven by ongoing cloud migration and digital transformation efforts despite challenging macroeconomic conditions.The widespread adoption of software-as-a-service (SaaS) platforms, driven by the hybrid working trend, is expected to boost the demand for Salesforce’s cloud-based solutions. The company's diverse cloud offerings are likely to have helped ex ...