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

SEC ·  Aug 29 04:09
Summary by Futu AI
On August 28, 2024, Salesforce, Inc. released its financial results for the fiscal quarter ending July 31, 2024. The report highlighted a second-quarter revenue of $9.33 billion, marking an 8% year-over-year increase, and a GAAP operating margin of 19.1%. The company also reported a non-GAAP operating margin of 33.7% and raised its full-year non-GAAP operating margin and cash flow growth guidance. Additionally, Salesforce announced that Amy Weaver, President and CFO, will step down from her role by the next fiscal year's end, remaining as a Special Advisor to assist with the transition. The company is actively searching for her successor. Salesforce's financial performance was bolstered by strong subscription and support revenue, which stood at $8.76 billion, up 9% year-over-year. The company also returned $4.3 billion to shareholders through share repurchases and paid $0.4 billion in dividends. Looking forward, Salesforce initiated third-quarter revenue guidance of $9.31 to $9.36 billion and maintained its full-year revenue guidance of $37.7 to $38.0 billion.
On August 28, 2024, Salesforce, Inc. released its financial results for the fiscal quarter ending July 31, 2024. The report highlighted a second-quarter revenue of $9.33 billion, marking an 8% year-over-year increase, and a GAAP operating margin of 19.1%. The company also reported a non-GAAP operating margin of 33.7% and raised its full-year non-GAAP operating margin and cash flow growth guidance. Additionally, Salesforce announced that Amy Weaver, President and CFO, will step down from her role by the next fiscal year's end, remaining as a Special Advisor to assist with the transition. The company is actively searching for her successor. Salesforce's financial performance was bolstered by strong subscription and support revenue, which stood at $8.76 billion, up 9% year-over-year. The company also returned $4.3 billion to shareholders through share repurchases and paid $0.4 billion in dividends. Looking forward, Salesforce initiated third-quarter revenue guidance of $9.31 to $9.36 billion and maintained its full-year revenue guidance of $37.7 to $38.0 billion.
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