Summary by Moomoo AI
Salesforce, a global leader in CRM technology, reported a robust financial performance for the first quarter of fiscal 2025. The company's revenue saw an 11% year-over-year increase, reaching $9.1 billion. Operating income significantly improved to $1.7 billion compared to $0.4 billion in the previous year, with operating margin expanding to 19%. Diluted earnings per share also rose sharply to $1.56 from $0.20 year-over-year. Cash flow from operations grew by 39% to $6.2 billion, and the total cash, cash equivalents, and marketable securities stood at $17.7 billion. Salesforce's remaining performance obligation grew by 15% to approximately $53.9 billion, indicating future revenue growth potential. The company also returned value to shareholders through the repurchase of approximately 7 million shares for $2.2 billion and paid dividends amounting to $388 million. Salesforce continues to...Show More