• First Quarter Revenue of $3.74 Billion, up 24% Year-Over-Year, 26% in Constant Currency
• Current Remaining Performance Obligation of Approximately $11.8 Billion, up 23% Year- Over-Year, 24% in Constant Currency
• Remaining Performance Obligation of Approximately $24.9 Billion, up 22% Year-Over-Year
• First Quarter Operating Cash Flow of $1.97 Billion, up 34% Year-Over-Year
• Initiates Second Quarter Revenue Guidance of $3.94 Billion to $3.95 Billion
• Raises FY20 GAAP Earnings Per Share Guidance to $0.78 to $0.80
• Raises FY20 Non-GAAP Earnings Per Share Guidance to $2.88 to $2.90
“I am thrilled with our results this quarter, and I am especially excited to have delivered record revenue in Q1 and operating cash flow of almost $2 billion, up 34% year-over-year,” said Marc Benioff, chairman and co CEO, Salesforce. “We have a massive opportunity in front of us and are well-positioned for long-term growth as the world’s #1 CRM.”
“Our strong revenue growth in the quarter reflects the strength of our business and the tremendous demand we’re seeing from customers worldwide,” said Keith Block, co-CEO, Salesforce. “Companies of every size and industry are undergoing a digital transformation to better serve their customers and they are choosing Salesforce as their partner.”
