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Salesforce reports Q1 revenue up 11% YoY to $9.13B, vs. $9.15B est., and forecasts Q2 revenue and earnings below expectations; CRM drops 20%+

Larry Dignan / Constellation Research :

Constellation Research Larry Dignan

Discussion

  • @economyapp @economyapp on x
    $CRM Salesforce Q1 FY25 (ending in April): • Current RPO +10% Y/Y to $26.4B. • Revenue +11% Y/Y to $9.1B ($20M miss). • Operating margin 19% (+14pp Y/Y). • Non-GAAP EPS $2.44 ($0.07 beat). FY25 guidance (unchanged): • Revenue +9% Y/Y to $38B. • Operating margin 20%. [image]
  • @jack_raines Jack Raines on x
    Salesforce down 16% as investors all collectively realize that no one knows what this company does. [image]