The corporate reporting period has is ending.
Last week, 12 companies from the S&P 500 index reported.
Today, let’s look at Salesforce’s results, which amounted to $9.4B. It grew by +2.0% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +0.8%. Let’s analyze the company’s business in more detail.
Salesforce is one of the world’s largest cloud software developers, ranked 491st in the Fortune 500. The company serves 150 thousand corporate clients through the main Customer 360 platform, which helps to aggregate all the necessary information about customers from various sources to improve interaction. The company also develops separate applications for marketing strategies, AI-based data analysis, and software development.
The company’s revenues increased by +8.0% year-on-year. In the reporting quarter, the company focused on the development of Agentforce, an AI assistant in its services that improves the interaction between the user and the platform. Salesforce has one of the highest customer retention rates in the industry, namely 93%, which also contributes to the company’s positioning.
22% of the revenue structure is made up of product costs, and 78% is gross revenue. Over the past quarter, the company earned a profit of $1.5B. Its market capitalization is $346B.
After the publication of the report, Salesforce shares rose by +10.8% to $361 per share. Market participants are satisfied with the company’s financial results and reacted positively to the company’s development prospects.
*surprise – % ratio between actual and expected revenue
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
