Sector: Technology|Industry: Software - Application|Market Cap: $345.84B|Employees: 72.7K
Salesforce, Inc. is a global leader in customer relationship management (CRM) technology, enabling companies of all sizes and industries to connect with customers through data, AI, CRM, and trust. Its AI-powered Customer 360 platform unites sales, service, marketing, commerce, and IT teams, providing a single source of customer truth for improved responsiveness and efficiency. Salesforce's competitive advantages include its trusted platform, AI capabilities, and strong partner ecosystem, with a global presence and key markets worldwide.
Q1 FY25 revenue reached $9.133 billion, representing an 11% year-over-year increase. This growth outpaced expectations, driven by volume increases from new business, upgrades, and additional subscriptions from existing customers.
Operating margin increased to approximately 19% for Q1 FY25, a substantial improvement from approximately 5% in the same period last year. This reflects successful cost-cutting initiatives and revenue growth.
Diluted earnings per share reached $1.56 for Q1 FY25, compared to $0.20 in the same period of the previous year. This significant increase demonstrates improved profitability.