.August 29, 2024 04:02:00 PM

Salesforce (NYSE:CRM) reported second-quarter results that exceeded expectations, with adjusted earnings per share of $2.56 and revenue of $9.33 billion, marking an 8% year-over-year increase. Subscription and support revenue grew 9% to $8.76 billion, while current remaining performance obligation (cRPO) increased by 10% to $26.5 billion. CEO Marc Benioff highlighted strong performance in revenue, cash flow, margin, and cRPO, leading to an upward revision in fiscal year operating margin and cash flow growth guidance. For the third quarter, Salesforce projects revenue between $9.31 billion and $9.36 billion, maintaining full-year revenue guidance of $37.7 billion to $38.0 billion. The company also raised its full-year adjusted EPS forecast to a range of $10.03 to $10.11.