share_log

Salesforce | 8-K: Salesforce Announces First Quarter Fiscal 2025 Results

SEC ·  May 30, 2024 04:08

Summary by Moomoo AI

On May 29, 2024, Salesforce, Inc. reported its financial results for the first fiscal quarter of 2025, which ended on April 30, 2024. The company announced a first-quarter revenue of $9.13 billion, marking an 11% increase year-over-year, and a GAAP operating margin of 18.7%. Non-GAAP operating margin was reported at 32.1%. Salesforce also highlighted a significant increase in operating cash flow, which rose by 39% year-over-year to $6.25 billion, and free cash flow, which increased by 43% to $6.08 billion. Additionally, Salesforce returned $2.2 billion to shareholders through share repurchases and paid out $0.4 billion in dividends. For the second quarter of fiscal 2025, Salesforce initiated revenue guidance of $9.20 billion to $9.25 billion, representing a 7-8% increase year-over-year. The company maintained its full-year revenue guidance at $37.7 billion to $38.0 billion...Show More
On May 29, 2024, Salesforce, Inc. reported its financial results for the first fiscal quarter of 2025, which ended on April 30, 2024. The company announced a first-quarter revenue of $9.13 billion, marking an 11% increase year-over-year, and a GAAP operating margin of 18.7%. Non-GAAP operating margin was reported at 32.1%. Salesforce also highlighted a significant increase in operating cash flow, which rose by 39% year-over-year to $6.25 billion, and free cash flow, which increased by 43% to $6.08 billion. Additionally, Salesforce returned $2.2 billion to shareholders through share repurchases and paid out $0.4 billion in dividends. For the second quarter of fiscal 2025, Salesforce initiated revenue guidance of $9.20 billion to $9.25 billion, representing a 7-8% increase year-over-year. The company maintained its full-year revenue guidance at $37.7 billion to $38.0 billion, an 8-9% increase year-over-year, but lowered its full-year GAAP operating margin guidance to 19.9% while maintaining non-GAAP operating margin guidance at 32.5%. Salesforce's CEO, Marc Benioff, expressed confidence in the company's position to leverage AI for customer connection, while CFO Amy Weaver emphasized disciplined profitable growth and significant progress in the capital return program.

This announcement is a separate document:

Doc 1

Doc 2

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Heat List
    US
    SymbolLatest Price% Chg

    No Data

    Hot News
    Updated