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Key Takeaways
- Salesforce’s second-quarter results topped the analyst consensus on both net income and revenue.
- The cloud software company maintained its full-year revenue guidance and raised its EPS guidance by 1 cent.
- CEO Mark Benioff in a press release lauded the company’s AI offerings.
Salesforce (CRM) delivered second-quarter results that beat expectations on the top and bottom lines and maintained its full-year guidance, sending the company’s shares higher in late action.
The cloud software company posted net income of $1.4 billion, or $1.47 per share, up more than 12% year-over-year, on revenue of $9.3 billion, up 8%. Both figures beat the Visible Alpha analyst consensus.
Salesforce posted a record-high operating margin of 19.1%, a figure some analysts had their eyes on after the company’s disappointing first-quarter results sent shares tumbling.
The company maintained its fiscal 2025 revenue guidance of $37 billion to $38 billion, and upped its earnings per share projection by 1 cent to between $6.05 and $6.13. Wall Street is looking for $37.8 billion and $6.11 per share, respectively, according to estimates compiled by Visible Alpha.
CEO Marc Benioff pointed to the potential of Salesforce’s Agentforce AI platform. “We’re reimagining enterprise software for a new world where humans with autonomous agents drive customer success together,” he said.
Shares of Salesforce were recently up nearly 4% in after-hours trading after sliding some 2% in the regular session.