Salesforce.Com Inc Earnings Beat Estimates: 1Q Subscription & Support Rev. Up 11% Y/Y

• Salesforce Inc. reported subscription and support revenue of $7.64 billion, a 11% increase from the prior year.
• Adjusted EPS was $1.69, a 72% increase from the prior year.
• Revenue was $8.25 billion, a 11% increase from the prior year.
• Adjusted income from operations was $2.27 billion, a 74% increase from the prior year.
• Adjusted operating margin was 27.6%, a 10% increase from the prior year.
• Remaining performance obligations were $46.7 billion, a 11% increase from the prior year.
• Current remaining performance obligation was $24.1 billion, a 12% increase from the prior year.
• Salesforce Inc. initiated second quarter fiscal year 2024 revenue guidance of $8.51 to $8.53 billion, a 10% increase from the prior year.
• The company raised its full year fiscal year 2024 GAAP operating margin guidance to 11.4% and its non-GAAP operating margin guidance to 28.0%.
• Wall Street analysts have 42 “buys”, 12 “holds”, and 1 “sell” rating for the stock.

A look at Salesforce.Com Inc Smart Scores

Salesforce.Com Inc has a long-term outlook that looks promising. The company provides software on demand to businesses worldwide, and clients use its technology platform to manage their customer, sales and operational data. The Smartkarma Smart Scores for Salesforce.com Inc indicate a favourable outlook, with a score of 5 for Momentum and 3 for both Growth and Resilience. These scores show that the company is well positioned for long-term success and growth.

The company also scores well for Value, with a 2 on the Smartkarma Smart Score scale. This indicates that Salesforce.Com Inc is likely to retain its value over the long term, making it a good investment for investors looking for a reliable and profitable company.

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