Salesforce, Inc.

CRM
Sector

Technology

Industry

Software - Application

Market Cap

$345.84B

Employees

72.7K

Company Overview

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.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenue for the six months ended July 31, 2024, reached $18.5 billion, representing a 10% year-over-year increase. This growth was driven by strong performance in subscription and support revenues, which increased by 11% year-over-year.

Operating margin increased to approximately 19% for the six months ended July 31, 2024, compared to approximately 11% for the same period in 2023. This improvement reflects the success of cost optimization initiatives implemented by the company.

Diluted net income per share for the six months ended July 31, 2024, was $3.03, compared to $1.49 in the same period of 2023. This substantial increase signals improved profitability and efficiency.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG Initiatives

3 Insights

Market Environment

3 Insights