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Category: Salesforce (CRM)
Date: 1 September 2020 Stock price of Salesforce: $272.65 We provide a quick overview of Salesforce (CRM) and their 2nd quarter 2020 earnings report. Salesforce (CRM) is also a new addition to the Dow Jones Industrial Average. During the last quarter the group's revenues increased by 29% compared to the same quarter of the previous year.
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Salesforce was founded on our belief in stakeholder capitalism and our core values of trust, customer success, innovation and equality. Our success in the quarter brought all of this together with the power of our Customer 360 platform, the resilience of our business model, putting our customers first and doing our part to take care of all of our stakeholders. We know that together we have an opportunity to emerge from these times even stronger "
More About Salesforce (CRM)
Salesforce is the global leader in Customer Relationship Management (CRM), bringing companies closer to their customers in the digital age. Founded in 1999, Salesforce enables companies of every size and industry to take advantage of powerful technologies—cloud, mobile, social, internet of things, artificial intelligence, voice and blockchain—to create a 360-degree view of their customers. For more information about Salesforce (NYSE: CRM)
As of 31 August 2020, Salesforce (CRM) is part of the Dow Jones constituents
As of 31 August 2020, Salesforce (CRM) is part of the Dow Jones constituents
Overview of Salesforce (CRM) 2nd quarter 2020 earnings report
2nd quarter 2020 earnings highlights
Fiscal Guidance:
- Revenue of $5.15 Billion, up 29% year-over-year, 29% in constant currency
- Operating Cash Flow of $0.43 Billion, down 2% year-over-year
- Current Remaining Performance Obligation of approximately $15.2 Billion, up 26% year-over-year, 24% in constant currency
- Remaining Performance Obligation of approximately $30.6 Billion, up 21% year-over-year
Fiscal Guidance:
- Raises FY21 Revenue to $20.7 Billion to $20.8 Billion, approximately 21% to 22% year-over-year growth
- Initiates Q3 FY21 Revenue of $5.24 Billion to $5.25 Billion, approximately 16% year-over-year growth
- Raises FY21 GAAP EPS to $3.12 to $3.14
- Raises FY21 Non-GAAP EPS to $3.72 to $3.743
- Raises FY21 Operating Cash Flow growth to approximately 12% to 13%
- Initiates Q3 FY21 Current Remaining Performance Obligation growth of approximately 19% year-over-year
Salesforce (CRM) management commentary on its 2nd quarter 2020 earnings
SAN FRANCISCO, Calif. - August 25, 2020 - Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal second quarter ended July 31, 2020. “It’s humbling to have had one of the best quarters in Salesforce’s history against the backdrop of multiple crises seriously affecting our communities around the world,” said Marc Benioff, Chair and CEO of Salesforce. “Salesforce was founded on our belief in stakeholder capitalism and our core values of trust, customer success, innovation and equality. Our success in the quarter brought all of this together with the power of our Customer 360 platform, the resilience of our business model, putting our customers first and doing our part to take care of all of our stakeholders. We know that together we have an opportunity to emerge from these times even stronger.”
Salesforce (CRM) stock price over the last 5 years
The image below shows the stock price history of Salesforce (CRM) over the last 5 years. And its been a very good time for the stock of Salesforce, with the stock increasing by 294.92% over the last 5 years. And its strong stock performance in recent years has led to the stock of Salesforce being include in the Dow Jones Industrial Average.
Salesforce (CRM) stock price over the last 5 years
Next earnings release of Salesforce (CRM)
It is expected that Salesforce (CRM) will release their 3rd quarter 2020 earnings report in late November 2020