Salesforce q2 earnings 2024

Second quarter non-GAAP operating margin was Restructuring negatively impacted second quarter GAAP operating margin by 50 bps.

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.

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.

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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 Considering the bright long-term prospects of the business, investors can consider adding CRM to their portfolios. Salesforce has a well-balanced mix, with each of the five operating segments — Sales, Service, Data, Platform, and Marketing and commerce — contributing meaningfully to the top line.

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Salesforce q2 earnings 2024

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.

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Research Note. 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. Last Name Required. Economic Validation Futurum. Outperforming most of the top players in the tech space, the company has remained largely unaffected by economic uncertainties and cautious enterprise spending. Check it out here and be sure to subscribe to The Six Five Webcast so you never miss an episode. Restructuring 2 3. FX Impact 1. 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. Practice Areas. The Q4 outcome matched its blowout. Restructuring negatively impacted second quarter operating cash flow growth by 16, bps. The current price is well above the week average.

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Leave a reply Cancel reply You must be logged in to post a comment. Source: Salesforce Earnings Release. Last Name Required. For additional information regarding non-GAAP financial measures see the reconciliation of results and related explanations below. Fiscal Q2 Business Unit Commentary From a business unit perspective, all units continue to post double-digit revenue growth for fiscal Q2 in constant currency. Keith Kirkpatrick. Second quarter non-GAAP operating margin was February 22, Analyst Insight. Accept Privacy Policy. Login to the Futurum Group.