Salesforce Inc (NYSE:CRM) reported second-quarter financial results after the market close on Wednesday. Here’s a rundown of the report.
Q2 Earnings: Salesforce reported second-quarter revenue of $9.33 billion, beating the consensus estimate of $9.23 billion. The enterprise cloud solutions company reported adjusted earnings of $2.56 per share, beating analyst estimates of $2.36 per share, according to Benzinga Pro.
Total revenue was up 8% on a year-over-year basis. Operating margin came in at 19.1%, and non-GAAP operating margin was 33.7%. Cash flow from operations was up 10% year-over-year and free cash flow was up 20%. The company ended the quarter with remaining performance obligations of $26.5 billion, up ...
