Salesforce Achieves 23% Jump In Q2 Revenue YoY

CRM tech giant Salesforce reported $6.34 billion in Q2 revenue -- a 23% increase YoY -- and is on track to achieve an even greater jump in Q3, the company reported on Wednesday. 

The Q3 guidance is for $6.78 billion to $6.79 billion, a 25% advance YoY. 

In addition, the company’s Q2 GAAP operating margin was 5.2%, while second-quarter non-GAAP operating margin was 20.4%. GAAP diluted earnings per share hit $0.56, and non-GAAP earnings per share came in at $1.48.

Operating cash flow totaled $0.39 billion, down 10% from the same period in the prior year. 

Professional services and other revenues for the quarter grew to $0.43 billion, an increase of 37% YoY.

CEO Marc Benioff says the company saw its fifth strongly successful quarter in a row, with "companies and governments around the world continuing to accelerate their digital transformations." 

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Benioff adds that the firm’s Customer 360 platform “is now fueled by a herd of unicorns perfectly designed for this all-digital world. Sales, Service, Marketing & Commerce, Platform, Tableau, MuleSoft and now Slack are all billion dollar-plus products.”

Salesforce also owns the Pardot email service brand. 

In related news, Benioff said on CNBC that executives have been surprised by many employees' desire to continue working from home. 

“A lot of things have changed for our customers in this new world, whether it’s Europe or the United States, and one of them is really return to work,” Benioff said in the Mad Money interview.

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