Showing posts with label Sales Cloud. Show all posts
Showing posts with label Sales Cloud. Show all posts

Thursday, August 26, 2021

Salesforce Q2 FY 2022 Earnings Call Highlights

  • Salesforce (NYSE: CRM)
  • Slack acquisition has been closed.  
  • The company's first $6 billion in revenue in a single quarter.
  • 23% year-over-year (y-o-y) revenue growth with a total of $6.34 billion in revenue for the quarter.
  • Operating margin of 20.4%. It's an improvement of 20 basis points year-over-year.   
  • "I'm very excited that 5 out of the last 5 quarters that we've had that 20% or greater revenue growth. And that 3 of the last 5 quarters, we're having greater than 20% operating margin." - Marc Benioff, CEO.  
  • Sales Cloud grew at 15% y-o-y.  
  • Service Cloud is now a $6 billion business.
  • Service Cloud grew at 23% y-o-y.
  • Marketing & Commerce Cloud grew at 28% y-o-y.  
  • "And every one of these digital transformations is also a data transformation, which is driving the unprecedented success we're seeing in Tableau and MuleSoft. Tableau is within 9 of our top 10 deals this quarter, and MuleSoft is within 8 of our top 10 deals." - Bret Taylor, COO, Salesforce.  
  • Industry Cloud grew at 58% y-o-y.  
  • Salesforce is aggressively launching a "Slack-first" customer 360 project. All Salesforce products will be integrated with Slack.  
  • Slack's revenue grew by 39% y-o-y.    

(Source: Salesforce)

Exhibit: Marc Benioff - CEO Salesforce.  
(Source: Salesforce)

Published: August 26, 2021.


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