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salesforce(CRM) - 2025 Q2 - Quarterly Report
2024-08-28 22:34
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) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-08-28 22:16
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 ...
Salesforce Stock Jumps on Second-Quarter Earnings Surprise
Investopedia· 2024-08-28 21:15
Key TakeawaysSalesforce's second-quarter results topped the analyst consensus on both net income and revenue.The cloud software company maintained its full-year revenue guidance and raised its EPS guidance by 1 cent.CEO Mark Benioff in a press release lauded the company's AI offerings. Salesforce (CRM) delivered second-quarter results that beat expectations on the top and bottom lines and maintained its full-year guidance, sending the company's shares higher in late action. The cloud software company poste ...
Salesforce posts strong Q2 earnings but offers cautious outlook
Proactiveinvestors NA· 2024-08-28 20:32
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Salesforce beats earnings estimates, president and CFO Amy Weaver to step down
CNBC· 2024-08-28 20:12
Salesforce chair and CEO Marc Benioff speaks at the World Economic Forum in Davos, Switzerland on Jan. 18, 2024.Salesforce shares rose about 1.5% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.The company also announced president and CFO Amy Weaver will step down. She will remain at the company as the CFO until a successor is appointed and, after that, will stay on as an advisor.Here ...
salesforce(CRM) - 2025 Q2 - Quarterly Results
2024-08-28 20:02
Salesforce Announces Second Quarter Fiscal 2025 Results SAN FRANCISCO, Calif. - August 28, 2024 - Salesforce (NYSE: CRM), the #1 AI CRM, today announced results for its second quarter fiscal 2025 ended July 31, 2024. Second Quarter Highlights • Second Quarter Revenue of $9.33 Billion, up 8% Year-Over-Year ("Y/Y"), up 9% in Constant Currency ("CC"), inclusive of Subscription & Support Revenue of $8.76 Billion, up 9% Y/Y, up 10% Y/Y in CC • Second Quarter GAAP Operating Margin of 19.1% and non-GAAP Operating ...
Salesforce Is a Resilient CRM Leader With Strong Growth and an Attractive Valuation
GuruFocus· 2024-08-27 13:00
As the clear frontrunner in the customer relationship management software industry, Salesforce Inc. (CRM, Financial) commands a dominant 21.70% market share. This year, the company's stock has seen a mix of investor sentiment, leading to relatively stagnant movement. However, after the release of its first-quarter results, shares dropped by 20%. Salesforce reported total revenue of $9.13 billion, an 11% year-over-year increase, but it fell short of consensus estimates by $13.40 million. Despite this setback ...
New Service Center in Veeva Vault CRM Suite Unifies Sales and Service
Prnewswire· 2024-08-27 11:03
Vault CRM Service Center now available for life sciences inside sales, contact center, and hybrid repsVault CRM Suite to unify sales, marketing, medical, and service for true customer-centricityPLEASANTON, Calif., Aug. 27, 2024 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced Veeva Vault CRM Service Center for inside sales, contact center, and hybrid reps. Supporting inbound and outbound engagement across channels, Vault CRM Service Center includes case management, video calls, telephony integrati ...
Slowdown in Sales to Hurt Salesforce's (CRM) Q2 Earnings Growth
ZACKS· 2024-08-26 18:20
Salesforce (CRM) is set to announce second-quarter fiscal 2025 results on Aug 28. The Zacks Consensus Estimate of $2.35 for the company’s second-quarter non-GAAP EPS indicates a 10.9% year-over-year increase.While the bottom-line projection might appear to be a positive indicator, the reality is more nuanced, especially when compared to (more than) 35% growth that Salesforce has consistently delivered in the past six quarters.Slowing Sales Growth: A Critical IssueOnce a beacon of double-digit revenue growth ...
Salesforce Q2 Preview: Analyst Sees Soft Cloud Demand But Highlights Data Cloud's Growing Impact
Benzinga· 2024-08-26 17:16
Needham analyst Scott Berg expressed views on Salesforce, Inc. CRM ahead of its second quarter results release on August 28, 2024.The analyst writes that following a weak first quarter, they expect Salesforce to report limited upside in the second quarter due to ongoing macroeconomic pressures on spending.The analyst remains cautious as demand softness is noted across most cloud segments, including Service Cloud, which had previously been a strong performer.Berg expects Salesforce’s Data Cloud to be a focal ...