Salesforce First Quarter Revenue Surges 11% Year-Over-Year

Total Revenue Reaches $913 Billion, Driven by Subscription Growth

Salesforce has announced its financial results for the fiscal first quarter, reporting a strong 11% year-over-year (YY) increase in total revenue to $913 billion. This growth was fueled by a 13% increase in constant currency (CC), inclusive of subscription revenue.

During the quarter, Salesforce introduced Einstein GPT, a generative artificial intelligence technology designed to enhance the productivity of salespeople, marketers, and customer service representatives.

Key Financial Highlights:

• Total revenue: $913 billion, up 11% YY and 13% CC
• Subscription revenue: $825 billion, up 11% YY and 13% CC
• Non-GAAP operating margin: 18.2%
• Non-GAAP net income: $2.68 billion
• Non-GAAP earnings per share: $1.38

These results reflect Salesforce's continued growth and market leadership in the customer relationship management (CRM) software industry. The company's focus on innovation and customer success has driven its strong financial performance and positioned it well for future growth.

According to a recent study by Gartner, Salesforce remains the leading CRM vendor worldwide, with a market share of 19.7%. The company's cloud-based CRM platform is used by over 150,000 organizations globally.

Salesforce's first quarter results demonstrate the company's ability to execute on its strategic initiatives and capitalize on the growing demand for CRM solutions. The company's strong financial performance and market leadership position it well for continued success in the future.