Salesforce q2 earnings 2024

Second quarter non-GAAP operating margin was

Categories Analysis , Technology. Customer relationship management platform Salesforce, Inc. Encouraged by the positive outcome, the management raised its full-year guidance. The shares have maintained an uptrend since the beginning of the year, after suffering losses in From the lower valuation, the stock seems to be on its way back to the record highs of Considering the bright long-term prospects of the business, investors can consider adding CRM to their portfolios.

Salesforce q2 earnings 2024

Posted by Joachim Bartels Sep 11, ! Homepage Slider ,! Salesforce delivered the following results for its fiscal second quarter:. Second quarter non-GAAP operating margin was Restructuring negatively impacted second quarter GAAP operating margin by 50 bps. Restructuring negatively impacted second quarter operating cash flow growth by 16, bps. Source: Salesforce Earnings Release. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general. The BIIA library is approaching 10, news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. You must be logged in to post a comment.

Fiscal

Read the Salesforce FY Q2 earnings press release for more information. Salesforce has been rapidly adopting and incorporating AI into its product offerings and rolling them out throughout the quarter. The company has been among the most active SaaS vendors in incorporating generative AI technologies across its product portfolio, while also demonstrating a commitment to deploying it responsibly, via the Einstein Trust Layer. Our view is that, given the rapid integration of generative AI into Sales Cloud, Marketing Cloud, Service Cloud, and Commerce Cloud, among its other products, Salesforce should be able to continue to win over prospects that are increasingly trying to leverage the customer data they have been collecting to provide more personalization and context-relevant products and services. From a business unit perspective, all units continue to post double-digit revenue growth for fiscal Q2 in constant currency. The vision of equipping workers with their own productivity assistant by embedding AI across the entire suite of products is not solely a Salesforce vision.

Salesforce CRM shares gained 5. The robust year-over-year bottom line was mainly driven by higher sales and the benefits of ongoing cost-restructuring initiatives, which include the trimming of the workforce and a reduction in office spaces. Salesforce has been benefiting from the resilient demand for its cloud and business software offerings in an uncertain macroeconomic environment as customers are continuing with their major digital transformation. The strong second-quarter top-line performance also reflects the benefits of its go-to-market strategy and sustained focus on customer success. Moreover, the non-GAAP operating margin expanded 1, bps to Salesforce provided strong guidance for the third quarter and raised the outlook for fiscal The company continues to expect no impact from foreign currency exchange rates. Salesforce currently carries a Zacks Rank 2 Buy. Shares of CRM have rallied

Salesforce q2 earnings 2024

FedEx Corp. NYSE: FDX today reported the following consolidated results for the second quarter ended November 30 adjusted measures exclude the items listed below :. I am confident in our strategy as we make our global network more flexible, efficient, and intelligent. FedEx Ground operating income increased primarily due to yield improvement, cost reductions, and higher volumes. FedEx Freight operating income increased despite a decline in revenue. The profit increase was driven by higher yield and increased efficiency, partially offset by lower shipments. FedEx Express operating income declined due to lower revenue, partially offset by reduced operating expenses. The revenue decrease was driven by volume declines, lower fuel surcharges, reduced demand surcharges, and a mix shift toward lower-yielding services. Approximately 2.

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Related Posts. Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. Contact Us. He has authored in-depth reports and market forecast studies covering artificial intelligence, biometrics, data analytics, robotics, high performance computing, and quantum computing, with a specific focus on the use of these technologies within large enterprise organizations and SMBs. Futurum Intelligence Login. Research Note. You must be logged in to post a comment. August 31, August 31, The Futurum Group's Statement on Israel. In Growth Mode Salesforce has a well-balanced mix, with each of the five operating segments — Sales, Service, Data, Platform, and Marketing and commerce — contributing meaningfully to the top line. Salesforce Q3 earnings increase on higher revenues, beat estimates Earnings Preview: Salesforce will likely deliver another strong quarter Salesforce. For additional information regarding non-GAAP financial measures see the reconciliation of results and related explanations below. Second quarter non-GAAP operating margin was

Salesforce, Inc. After managements prepared remarks, we will open the floor to questions. Sir, you may begin.

Research Note. Our view is that, given the rapid integration of generative AI into Sales Cloud, Marketing Cloud, Service Cloud, and Commerce Cloud, among its other products, Salesforce should be able to continue to win over prospects that are increasingly trying to leverage the customer data they have been collecting to provide more personalization and context-relevant products and services. To view our major product releases and other highlights as part of the Summer Product Release, visit: www. Daniel Newman. International Business Machines Corp. ET to discuss its financial results with the investment community. Keith Kirkpatrick. Fiscal Financial technology company Intuit Inc. Full Year FY24 Guidance. Sign Up for Our Newsletter. Three times a year Salesforce delivers new product releases, services, or enhancements to current products and services. Amortization of purchased intangibles 2. The author does not hold any equity positions with any company mentioned in this article.