Salesforce Q2 FY24 revenue $8.6B (+11% YoY); raises full-year guidance

Salesforce, Inc.

2024-Q2 EPS reported $1.49 revenue$16,850,000,000

Q2 GAAP diluted EPS $1.28, non-GAAP $2.12; GAAP operating margin 17.2%, non-GAAP 31.6% (exceeded target early).
Revenue $8.60B (+11% YoY); subscription & support $8.01B (+12%); current RPO $24.1B (+12%).
Raised FY24 revenue guidance to $34.7-$34.8B (~11% YoY); GAAP operating margin ~13.3%, non-GAAP ~30%.
Initiated Q3 FY24 revenue guidance $8.70-$8.72B (~11% YoY); Q3 non-GAAP EPS $2.05-$2.06.
Operating cash flow $0.81B (+142% YoY); free cash flow $0.63B (+379%); returned $1.9B in share repurchases.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Salesforce, Inc. reported second quarter fiscal 2024 ended July 31, 2023 results: revenue $8.60 billion, EPS $1.28. Guidance raised.

Period: second quarter fiscal 2024 ended July 31, 2023
Revenue: $8.60 billion
EPS: $1.28
Guidance: raised
Result: reported results

Exact text from the filing

Salesforce (NYSE: CRM), the #1 AI CRM, today announced results for its second quarter fiscal 2024 ended July 31, 2023. • Second Quarter Revenue of $8.60 Billion, up 11% Year-Over-Year ("Y/Y"), up 11% in Constant Currency ("CC") • Second Quarter GAAP Operating Margin of 17.2% and Non-GAAP Operating Margin of 31.6% • Current Remaining Performance Obligation of $24.1 Billion, up 12% Y/Y, 11% CC • Second Quarter GAAP Diluted Earnings per Share ("EPS") of $1.28 and Non-GAAP Diluted EPS of $2.12 • Returned $1.9 Billion to Stockholders in the Second Quarter in the Form of Share Repurchases • Initiates Third Quarter FY24 Revenue Guidance of $8.70 Billion to $8.72 Billion, up ~11% Y/Y • Raises Full Year FY24 Revenue Guidance to $34.7 Billion to $34.8 Billion, up ~11% Y/Y • Raises Full Year FY24 GAAP Operating Margin Guidance to ~13.3% and Non-GAAP Operating Margin Guidance to ~30.0% • Raises Full Year FY24 Operating Cash Flow Growth Guidance to 22% to 23% Y/Y

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Source: SEC EDGAR

accession 0001108524-23-000037

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