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Salesforce Inc (NYSE:CRM) reported second-quarter financial results after the market close on Wednesday. Here’s a rundown of the report.
Q2 Earnings: Salesforce reported second-quarter revenue of $9.33 billion, beating the consensus estimate of $9.23 billion. The enterprise cloud solutions company reported adjusted earnings of $2.56 per share, beating analyst estimates of $2.36 per share, according to Benzinga Pro.
Total revenue was up 8% on a year-over-year basis. Operating margin came in at 19.1%, and non-GAAP operating margin was 33.7%. Cash flow from operations was up 10% year-over-year and free cash flow was up 20%. The company ended the quarter with remaining performance obligations of $26.5 billion, up 10% year-over-year.
“In Q2, we delivered strong performance across revenue, cash flow, margin and cRPO, and raised our fiscal year non-GAAP operating margin and cash flow growth guidance,” said Marc Benioff, chair and CEO of Salesforce.
“With our new Agentforce AI platform, we’re reimagining enterprise software for a new world where humans with autonomous Agents drive customer success together. Salesforce is the only company with the leading apps, trusted data and agent-first platform to deliver this vision at scale and help companies realize the incredible benefits of AI.”
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Salesforce also announced Amy Weaver has decided to step down from her role as president and CFO of Salesforce. She will remain CFO until a successor is appointed.
Outlook: Salesforce issued guidance for third-quarter revenue of $9.31 billion to $9.36 billion. The company anticipates third-quarter adjusted earnings of $2.42 to $2.44 per share.
Salesforce continues to expect full-year 2025 revenue of $37.7 billion to $38 billion. The company raised its full-year adjusted earnings outlook to a new range between $10.03 and $10.11 per share.
Management will hold a conference call to discuss these results at 5 p.m. E.T.
CRM Price Action: Salesforce shares were up 3.51% after hours, trading at $268 at the time of publication Wednesday, according to Benzinga Pro.
Photo: courtesy of Salesforce.
