Revenue and Income - Revenue for the three months ended April 30, 2025, was $9.8 billion, an increase of 8% year-over-year[149]. - Total revenues for the three months ended April 30, 2025, were $9,829 million, an increase of 8% compared to $9,133 million in the same period of 2024[177]. - Income from operations for the same period was $1.9 billion, with an operating margin of approximately 20%, up from 19% in the prior year[149]. - Net income for the three months ended April 30, 2025, was $1,541 million, representing 16% of total revenues, slightly down from 17% in Q1 2024[177]. - Diluted net income per share for the same period was $1.59, compared to $1.56 from a year ago[157]. Performance Obligations - Total remaining performance obligation as of April 30, 2025, was approximately $60.9 billion, an increase of 13% year-over-year[157]. - Current remaining performance obligation was approximately $29.6 billion, reflecting a 12% increase year-over-year[157]. - Remaining performance obligation as of April 30, 2025, was $60.9 billion, down from $63.4 billion as of January 31, 2025[178]. Cash Flow and Liquidity - Cash provided by operations for the three months ended April 30, 2025, was $6.5 billion, an increase of 4% year-over-year[157]. - For the three months ended April 30, 2025, net cash provided by operating activities was $6.476 billion, an increase from $6.247 billion in the same period of 2024[200]. - As of April 30, 2025, the company had total liquidity of $17.4 billion in cash, cash equivalents, and marketable securities, along with accounts receivable of $4.4 billion[197]. - Cash, cash equivalents, and marketable securities increased to $17,408 million as of April 30, 2025, compared to $14,032 million at the end of January 2025[178]. Expenses and Profitability - The cost of revenues for the three months ended April 30, 2025, was $2,265 million, representing 23% of total revenues, compared to 24% in the same period of 2024[187]. - Gross profit for the three months ended April 30, 2025, was $7,564 million, which is 77% of total revenues, compared to 76% in Q1 2024[177]. - Operating expenses totaled $5,622 million for the three months ended April 30, 2025, consistent at 57% of total revenues, compared to the same period in 2024[189]. - Research and development expenses for the three months ended April 30, 2025, were $1,460 million, maintaining 15% of total revenues, with a 10% increase in headcount[189]. Shareholder Returns - During the three months ended April 30, 2025, the company repurchased approximately 10 million shares for approximately $2.7 billion[157]. - The company paid approximately $402 million in dividends during the same period[157]. - The company announced a dividend of $0.416 per share for the three months ended April 30, 2025, totaling $406 million[212]. - The company authorized a Share Repurchase Program totaling $30 billion, with $7.9 billion remaining for future repurchases as of April 30, 2025[210]. Strategic Investments and Acquisitions - The company plans to acquire Informatica Inc. for approximately $8 billion, which will be funded through a combination of new debt and cash on hand[216]. - Losses on strategic investments for the three months ended April 30, 2025, were $63 million, a significant decline from gains of $37 million in Q1 2024[195]. - The company incurred $36 million in restructuring costs primarily related to employee transitions during the three months ended April 30, 2025[195]. Tax and Regulatory - The company recorded a tax provision of $433 million on pretax income of $2.0 billion for the three months ended April 30, 2025, resulting in an effective tax rate of 22%, up from 18% in 2024[196]. - The effective tax rate for the three months ended April 30, 2025, was 22%, up from 18% in the same period of 2024, primarily due to lower excess tax benefits from stock-based compensation[196]. Market Trends and Future Outlook - The buying environment trends have stabilized, but economic unpredictability may impact future growth[150]. - The company expects to continue investing in infrastructure to scale operations and enhance security measures, with no significant changes to future payment estimates under fixed contractual obligations[214]. - Future cash payments related to restructuring initiatives are expected to be between $160 million and $190 million, primarily for workforce costs[215].

Core Viewpoint - Salesforce.com reported a revenue of $9.83 billion for the quarter ended April 2025, reflecting a year-over-year increase of 7.6% and surpassing the Zacks Consensus Estimate of $9.74 billion by 0.95% [1] Financial Performance - Earnings per share (EPS) for the quarter was $2.58, an increase from $2.44 in the same quarter last year, exceeding the consensus EPS estimate of $2.54 by 1.57% [1] - The stock has returned +3.5% over the past month, while the Zacks S&P 500 composite has changed by +7.4% [3] Key Metrics - Remaining performance obligation (RPO) - Current: $29.6 billion, exceeding the average estimate of $29 billion [4] - Remaining performance obligation (RPO) - Total: $60.9 billion, compared to the average estimate of $60.43 billion [4] - Geographic Revenue - Americas: $6.47 billion, a +6.7% change year-over-year, below the estimate of $6.63 billion [4] - Geographic Revenue - Asia Pacific: $1.02 billion, a +10.5% change year-over-year, above the estimate of $982.26 million [4] - Geographic Revenue - Europe: $2.34 billion, a +9% change year-over-year, above the estimate of $2.11 billion [4] Revenue Breakdown - Revenue from Professional services and other: $532 million, a -2.9% change year-over-year, above the average estimate of $515.31 million [4] - Revenue from Subscription and support: $9.30 billion, an +8.3% change year-over-year, above the average estimate of $9.22 billion [4] - Revenue from Subscription and support - Service: $2.33 billion, a +7% change year-over-year, slightly below the estimate of $2.35 billion [4] - Revenue from Subscription and support - Marketing and Commerce: $1.33 billion, a +3.4% change year-over-year, below the estimate of $1.35 billion [4] - Revenue from Subscription and support - Platform and Other: $1.96 billion, a +14.3% change year-over-year, above the average estimate of $1.83 billion [4] - Revenue from Subscription and support - Integration and Analytics: $1.54 billion, slightly below the estimate of $1.56 billion [4]

Core Viewpoint - Salesforce.com reported quarterly earnings of $2.58 per share, exceeding the Zacks Consensus Estimate of $2.54 per share, and showing an increase from $2.44 per share a year ago, indicating a positive earnings surprise of 1.57% [1] - The company generated revenues of $9.83 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.95% and reflecting a year-over-year increase from $9.13 billion [2] Financial Performance - Over the last four quarters, Salesforce.com has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is $2.72, with expected revenues of $10.02 billion, while the estimate for the current fiscal year is $11.12 on revenues of $40.75 billion [7] Market Performance - Salesforce.com shares have declined approximately 17.1% since the beginning of the year, contrasting with the S&P 500's gain of 0.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Computer - Software industry, to which Salesforce.com belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8] - Another company in the same industry, Oracle, is expected to report quarterly earnings of $1.64 per share, reflecting a year-over-year change of +0.6%, with revenues projected at $15.54 billion, up 8.8% from the previous year [9]

Financial Data and Key Metrics Changes - The company reported Q1 revenue of $9,830,000,000, an increase of 8% year over year [22][57] - Subscription and support revenue grew by 9% in constant currency [22][58] - Remaining performance obligation (RPO) reached $60,900,000,000, up 13% year over year [24][61] - Current remaining performance obligation (CRPO) ended at $29,600,000,000, up 12% year over year [61] - Operating cash flow was $6,500,000,000, a 4% increase year over year [61] - The company raised its fiscal year 2026 revenue guidance by $400,000,000 to a range of $41,000,000,000 to $41,300,000,000 [62] Business Line Data and Key Metrics Changes - Strong growth was observed in the small and medium market business, achieving double-digit new bookings growth [23][24] - Data Cloud surpassed 22,000,000,000,000 records, up 175% year over year [30] - AgentForce reached over $100,000,000 in annual operating value (AOV) [29] - Data Cloud and ARR grew more than 120% year over year, contributing over $1,000,000,000 to the business [32] Market Data and Key Metrics Changes - Strong new business growth was noted in the UK, France, Canada, and Asia Pacific, particularly South Asia [60] - The company experienced strong performance in the Communications and Media and Health and Life Sciences sectors, while Retail and Consumer Goods and Public Sector showed more measured performance [60] Company Strategy and Development Direction - The acquisition of Informatica for $8,000,000,000 is seen as a transformational step to enhance the company's AI and data capabilities [8][20] - The company is focused on maintaining a disciplined approach to acquisitions and capital allocation, emphasizing customer success and strategic fit [17][20] - The integration of AgentForce and Data Cloud is expected to drive significant growth and market differentiation [20][32] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the growth opportunities in AI and enterprise software, highlighting the importance of data transformation for businesses [12][26] - The company is committed to maintaining margin and cash flow frameworks while pursuing growth initiatives [70][74] - Management noted that the current economic environment has not significantly impacted customer behavior, maintaining confidence in the pipeline [94][95] Other Important Information - The company introduced a new consumption-based pricing model, Flex credits, to enhance customer experience [27] - The company is focused on operational excellence to maximize shareholder value, with a strong emphasis on efficiency and profitability [54][61] Q&A Session Summary Question: When will AgentForce and Data Cloud become bigger drivers for overall growth rates at Salesforce? - Management acknowledged the importance of growth and emphasized the need for balanced execution while focusing on distribution and investment in sales capacity [68][70] Question: Have macroeconomic uncertainties affected customer behavior? - Management reiterated the strength of their balanced portfolio and strong momentum in data and AI, expressing confidence in their guidance despite headwinds [93][94] Question: How will the combined portfolio of Tableau, MuleSoft, and Informatica change the game for the company? - Management highlighted the integration of Tableau into the core Salesforce functionality and its role in enhancing the agentic layer, which is crucial for customer engagement [99][100]

Financial Data and Key Metrics Changes - The company reported Q1 revenue of $9,830,000,000, an increase of 8% year over year [22] - Subscription and support revenue grew by 9% in constant currency [22] - Non-GAAP operating margin for the quarter was 32.3% [23] - Remaining performance obligation (RPO) reached $60,900,000,000, up 13% year over year [24] - Current remaining performance obligation (CRPO) was $29,600,000,000, up 12% year on year [61] - Operating cash flow was $6,500,000,000, a 4% increase year over year [61] - The company raised its fiscal year 2026 revenue guidance by $400,000,000 to a range of $41,000,000,000 to $41,300,000,000 [62] Business Line Data and Key Metrics Changes - Strong growth was observed in the small and medium market business, achieving double-digit new bookings growth [23] - Data Cloud surpassed 22,000,000,000,000 records, up 175% year over year [30] - Data Cloud and ARR grew more than 120% year over year, contributing over $1,000,000,000 to the business [32] - 30% of Q1 AgentForce new bookings came from existing customers increasing their consumption [31] Market Data and Key Metrics Changes - Strong new business growth was noted in the UK, France, Canada, and Asia Pacific, particularly South Asia [60] - Comms and Media and Health and Life Sciences industries performed well, while Retail and Consumer Goods and Public Sector showed more measured performance [60] Company Strategy and Development Direction - The acquisition of Informatica for $8,000,000,000 is seen as a transformational step to enhance the company's AI and data capabilities [8][20] - The company aims to leverage its operational excellence and M&A integration playbook to achieve accretion on non-GAAP operating margin and free cash flow by year two post-close of the Informatica deal [18] - The focus is on delivering customer success and accelerating AI adoption to drive growth [49] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the growth opportunities in AI and enterprise software, emphasizing the importance of data readiness for AI transformations [12][30] - The company is committed to maintaining margin and cash flow frameworks while pursuing growth [71] - Management highlighted the strong pipeline and momentum in small and medium business segments, indicating a positive outlook for future growth [79] Other Important Information - The company introduced a new consumption-based pricing model called Flex credits [27] - The company is focused on responsible capital allocation, maintaining a clear focus on efficiency and profitable growth [61] Q&A Session Summary Question: When will AgentForce and Data Cloud become bigger drivers for overall growth rates? - Management acknowledged the importance of growth and indicated that they are committed to maintaining margin frameworks while focusing on distribution and hiring more salespeople to accelerate growth [70][72] Question: Have macro uncertainties affected customer behavior? - Management reiterated confidence in their balanced portfolio and strong momentum with data and AI, factoring in headwinds but remaining optimistic about guidance [95][96] Question: How will the combined portfolio of Tableau, MuleSoft, and Informatica change the game? - Management highlighted the integration of Tableau into the core functionality of Salesforce and its importance in the agentic layer, emphasizing the synergy with Data Cloud and MuleSoft [100][101]

Financial Data and Key Metrics Changes - The company reported Q1 revenue of $9,830,000,000, an increase of 8% year over year [20] - Subscription and support revenue grew by 9% in constant currency [21] - Non-GAAP operating margin for the quarter was 32.3% [22] - Remaining performance obligation (RPO) reached $60,900,000,000, up 13% year over year [22] - Current remaining performance obligation (CRPO) grew by 12% year over year in nominal terms [56] - Operating cash flow was $6,500,000,000, a 4% increase year over year [56] - The company raised its fiscal year 2026 revenue guidance by $400,000,000 to a range of $41,000,000,000 to $41,300,000,000 [57] Business Line Data and Key Metrics Changes - Strong growth was observed in the small and medium market business, achieving double-digit new bookings growth [21] - Data Cloud surpassed 22,000,000,000,000 records, up 175% year over year [28] - AgentForce reached over $100,000,000 in annual operating value (AOV) [27] - Data Cloud and ARR grew more than 120% year over year, contributing over $1,000,000,000 to the business [30] Market Data and Key Metrics Changes - The company saw strong new business growth in the UK, France, Canada, and Asia Pacific, particularly South Asia [55] - Comms and Media and Health and Life Sciences industries performed well, while Retail and Consumer Goods and Public Sector showed more measured performance [55] Company Strategy and Development Direction - The acquisition of Informatica for $8,000,000,000 is seen as a transformational step to enhance the company's AI and data capabilities [7][10] - The company aims to achieve accretion on non-GAAP operating margin, non-GAAP EPS, and free cash flow by year two post-acquisition [17] - The focus is on operational excellence and a disciplined approach to mergers and acquisitions [16] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the growth opportunities in AI and enterprise software, emphasizing the importance of data transformation for AI success [11][24] - The company is committed to maintaining margin and cash flow frameworks while pursuing growth [64] - Management highlighted the strong momentum in data and AI, with expectations for continued contributions from AgentForce [90] Other Important Information - The company introduced a new consumption-based pricing model called Flex credits [25] - The company plans to add FedRAMP high authorization for AgentForce to cater to the U.S. public sector [26] - The company has seen significant customer success stories, including partnerships with major companies like PepsiCo and Falabella [39][42] Q&A Session Summary Question: When will AgentForce and Data Cloud become bigger drivers for overall growth rates? - Management acknowledged the importance of growth and emphasized a balanced execution approach while focusing on distribution and investment in sales capacity [64][66] Question: Have macro uncertainties affected customer behavior? - Management noted a balanced portfolio and strong momentum in data and AI, which provides confidence in guidance despite headwinds [90] Question: How will the combined portfolio of Tableau, MuleSoft, and Informatica change the game? - Management highlighted the integration of Tableau into the core Salesforce functionality and its role in enhancing the agentic layer and data strategy [95][100]

Financial Highlights - Q1 FY26 revenue reached $9.8 billion, an increase of 8% year-over-year (Y/Y) and 8% in constant currency (CC)[17] - Subscription & Support revenue was $9.3 billion, up 8% Y/Y and 9% Y/Y CC[23] - Remaining Performance Obligation(cRPO) grew by 12% Y/Y and 11% Y/Y CC to $29.6 billion[23] - Q1 FY26 operating cash flow was $6.5 billion and free cash flow was $6.3 billion[17, 23] - The company returned $3.1 billion to shareholders through $2.7 billion in share repurchases and $402 million in dividends[23] Profitability and Margin - GAAP operating margin for Q1 FY26 was 19.8%, an expansion of 110 basis points (bps) Y/Y[23, 25] - Non-GAAP operating margin for Q1 FY26 was 32.3%, an expansion of 20 bps Y/Y[23, 25] - The company is targeting a non-GAAP operating margin of 34% for FY26[17, 26, 27] Guidance - FY26 total revenue is projected to be between $41.0 billion and $41.3 billion, representing 8%-9% Y/Y growth[17, 27] - Q2 FY26 revenue is expected to be between $10.11 billion and $10.16 billion, representing 8%-9% Y/Y growth[28] - FY26 GAAP diluted EPS is expected to be $7.15 - $7.21 and Non-GAAP diluted EPS is expected to be $11.27 - $11.33[27] Key Growth Areas - Data Cloud + AI annual recurring revenue (ARR) exceeded $1 billion, with a growth rate of over 120% Y/Y[17, 35]

Core Insights - Salesforce reported an 8% year-over-year revenue growth for the fiscal first quarter, with net income of $1.54 billion, or $1.59 per share, remaining relatively flat compared to the previous year [1][2][6] Financial Performance - Revenue for the quarter ending April 30 was $9.83 billion, exceeding expectations of $9.75 billion [9] - Adjusted earnings per share for the fiscal second quarter are projected to be between $2.76 and $2.78, with revenue expected to be between $10.11 billion and $10.16 billion, surpassing analyst expectations [6] - Full-year guidance was raised to $11.27 to $11.33 in adjusted earnings per share and $41.0 billion to $41.3 billion in revenue, compared to previous guidance of $11.09 to $11.17 in adjusted earnings per share and $40.5 billion to $40.9 billion in revenue [7] Strategic Moves - Salesforce announced plans to acquire data management company Informatica for $8 billion, marking its largest acquisition since the $27.1 billion Slack deal in 2021 [2][3] - The company has taken steps to reduce costs by cutting 10% of its workforce and disbanding its mergers and acquisitions committee [4] Market Reception - Initial reactions to the Informatica acquisition were positive, with analysts noting that the deal is reasonably priced and should be more digestible for investors compared to previous large acquisitions [5] - Despite the positive financial results and guidance, Salesforce's stock has declined approximately 18% in 2025, while the S&P index remained unchanged [7]

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, ...

Exhibit 99.1 Salesforce Reports Record First Quarter Fiscal 2026 Results Exceeds Guidance Across All Metrics; cRPO up 12% Y/Y SAN FRANCISCO, Calif. - May 28, 2025 - Salesforce (NYSE: CRM), the world's #1 AI CRM, today announced results for its first quarter fiscal 2026 ended April 30, 2025. Results "We delivered strong Q1 results and are raising our guidance by $400 million to $41.3 billion at the high end of the range," said Marc Benioff, Chair and CEO, Salesforce. "We've built a deeply unified enterprise ...