secwatch / observer
8-K filed May 31, 2023, 7:59 PM ET ticker CRM CIK 0001108524
earnings confidence high sentiment positive materiality 0.80

Salesforce Q1 revenue $8.25B (+11% YoY); raises FY24 non-GAAP op margin to ~28%

Salesforce, Inc.

2024-Q1 EPS reported $0.20 revenue$8,247,000,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Salesforce, Inc. reported first quarter fiscal 2024 ended April 30, 2023 results: revenue $8.25 Billion, EPS First Quarter GAAP Diluted Earnings per Share ("EPS") of $0.20 and Non-GAAP Diluted EPS of $1.69. Guidance raised.

Period
first quarter fiscal 2024 ended April 30, 2023
Revenue
$8.25 Billion
EPS
First Quarter GAAP Diluted Earnings per Share ("EPS") of $0.20 and Non-GAAP Diluted EPS of $1.69
Guidance
raised
Result
reported results
Exact text from the filing
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its first quarter fiscal 2024 ended April 30, 2023. • First Quarter Revenue of $8.25 Billion, up 11% Year-Over-Year ("Y/Y"), up 13% Constant Currency ("CC") • First Quarter GAAP Operating Margin of 5.0% and Non-GAAP Operating Margin of 27.6% • Current Remaining Performance Obligation of $24.1 Billion, up 12% Y/Y, 12% CC • First Quarter GAAP Diluted Earnings per Share ("EPS") of $0.20 and Non-GAAP Diluted EPS of $1.69 • Returned $2.1 Billion in First Quarter to Stockholders in the Form of Share Repurchases • Initiates Second Quarter FY24 Revenue Guidance of $8.51 Billion to $8.53 Billion, up ~10% Y/Y • Reiterates Full Year FY24 Revenue Guidance of $34.5 Billion to $34.7 Billion, up ~10% Y/Y • Raises Full Year FY24 GAAP Operating Margin Guidance to ~11.4% and Non-GAAP Operating Margin Guidance to ~28.0%
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Source: SEC EDGAR
accession 0001108524-23-000021
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