Salesforce q2 earnings 2024

Read the Salesforce FY Q2 earnings press release for more information.

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. The GAAP tax rates may fluctuate due to discrete tax items and related effects in conjunction with certain provisions in the Tax Cuts and Jobs Act, future acquisitions or other transactions. Q3 FY24 Guidance. Full Year FY24 Guidance. FX Impact 1.

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. You must be logged in to post a comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.

Three times a year Salesforce delivers new product releases, services, or enhancements to current products and services.

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 CRM shares gained 5. The robust year-over-year bottom line was mainly 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. Salesforce has been benefiting from the resilient demand for its cloud and business software offerings in an uncertain macroeconomic environment as customers are continuing with their major digital transformation. The strong second-quarter top-line performance also reflects the benefits of its go-to-market strategy and sustained focus on customer success. Moreover, the non-GAAP operating margin expanded 1, bps to Salesforce provided strong guidance for the third quarter and raised the outlook for fiscal The company continues to expect no impact from foreign currency exchange rates. Salesforce currently carries a Zacks Rank 2 Buy.

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The vision of equipping workers with their own productivity assistant by embedding AI across the entire suite of products is not solely a Salesforce vision. Contact Us. Email Address Required. From the lower valuation, the stock seems to be on its way back to the record highs of 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. Login Login Lost my Password. Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. February 22, Economic Validation Futurum. Categories Analysis , Technology. Meanwhile, the Salesforce leadership raised its full-year guidance for revenue, earnings, and cash flow.

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Salesforce plans to host a conference call at p. All rights reserved. The Futurum Group. Login Login Lost my Password. Contact Us. Salesforce Q2 Earnings Infographic. Accept Privacy Policy. Shares used in computing diluted net income per share millions 5. Further, the price hikes that were announced earlier in the summer are not baked into FY guidance, with Millham expecting impacts to occur over the next 3 years as contracts renew. Analyst Insight. Tags cloud computing CRM. Sign Up for Our Newsletter. Check it out here and be sure to subscribe to The Six Five Webcast so you never miss an episode. Daniel is a top 5 globally ranked industry analyst and his ideas are regularly cited or shared in television appearances by CNBC, Bloomberg, Wall Street Journal and hundreds of other sites around the world. Restructuring 2 3.