Summary by Futu AI
Salesforce delivered strong Q2 FY25 results with revenue reaching $9.33 billion, up 8% YoY, driven by subscription and support revenue of $8.76 billion. The company achieved record GAAP operating margin of 19.1% and non-GAAP operating margin of 33.7%. Operating cash flow was $0.89 billion, up 10% YoY, while returning $4.7 billion to shareholders through share repurchases and dividends.The company maintained its full-year FY25 revenue guidance of $37.7-38.0 billion, representing 8-9% growth, while raising operating cash flow growth guidance to 23-25% YoY. For Q3 FY25, revenue is expected to be $9.31-9.36 billion, up 7% YoY.In a significant leadership change, President and CFO Amy Weaver announced she will step down upon appointment of her successor or by the FY25 annual report filing date. She will continue as Special Advisor to the CEO through April 2026, focusing on transition duties, transaction integration, and transformation projects. The company has initiated a search process considering both internal and external candidates.
