BullnBearTrading wrote a post · May 30 01:07

Salesforce (CRM) Earnings: 1Q Adjusted EPS Surpasses Estimates with Strong Performance

Adjusted EPS:

$2.44, which beats the estimate of $2.38 and significantly higher than last year’s $1.69.
Revenue:

$9.13 billion, an 11% increase year-over-year, slightly missing the estimate of $9.15 billion.
Subscription and Support Revenue:

$8.59 billion, up 12% y/y, slightly above the estimate of $8.57 billion.
Sales Revenue:

$2.00 billion, an increase of 10% y/y, in line with the estimate of $1.99 billion.
Service Revenue:

$2.18 billion, up 11% y/y but slightly below the estimate of $2.19 billion.
Platform and Other Revenue:

$1.72 billion, a 9.6% increase y/y, missing the estimate of $1.75 billion.
Marketing and Commerce Revenue:

$1.28 billion, a 9.6% increase y/y, meeting the estimate of $1.28 billion.
Professional Services and Other Revenue:

$548 million, down 9.4% y/y, below the estimate of $577 million.
Unearned Revenue:

End of period, $16.06 billion, below the estimate of $16.45 billion.
Adjusted Income from Operations:

$2.93 billion, up 29% y/y, slightly below the estimate of $2.95 billion.
Adjusted Operating Margin:

32.1% vs. 27.6% y/y, matching the estimate of 32.1%.
Free Cash Flow:

$6.08 billion, an impressive increase of 43% y/y, beating the estimate of $5.33 billion.
Q2 FY25 Revenue Guidance:

$9.20 – $9.25 billion, an increase of 7% – 8% y/y.
Full Year FY25 GAAP Operating Margin Guidance:

Lowered to 19.9%.
Full Year FY25 Non-GAAP Operating Margin Guidance:

Maintained at 32.5%.
Full Year FY25 Revenue Guidance:

Maintained at $37.7 – $38.0 billion, an increase of 8% – 9% y/y.
Full Year FY25 Subscription & Support Revenue Growth Guidance:

Lowered to slightly below 10% y/y and approximately 10% in constant currency.
Full Year FY25 Operating Cash Flow Growth Guidance:

Maintained at 21% – 24% y/y.

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