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Salesforce Com Inc (CRM) SEC Filing 10-Q Quarterly report for the period ending Tuesday, July 31, 2018

Salesforce Com Inc

CIK: 1108524 Ticker: CRM
Exhibit 99.1

John Cummings
Salesforce
Investor Relations
415-778-4188
jcummings@salesforce.com

Gina Sheibley
Salesforce
PublicRelations
917-297-8988
gsheibley@salesforce.com


Salesforce Announces Record Second Quarter Fiscal 2019 Results
Raises FY19 Revenue Guidance to $13.125 Billion to $13.175 Billion

Second Quarter Revenue of $3.28 Billion, up 27% Year-Over-Year, 27% in Constant Currency
Unearned Revenue of $5.88 Billion, up 24% Year-Over-Year, 24% in Constant Currency
Remaining Performance Obligation of Approximately $21 Billion, up 36% Year-Over-Year
Second Quarter Operating Cash Flow of $458 Million, up 38% Year-Over-Year

SAN FRANCISCO, Calif. - Aug. 29, 2018 -
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal second quarter ended July 31, 2018.

“Salesforce revenue grew 27% to almost $3.3 billion in the second quarter, with excellent performance across our clouds, industry segments and geographies," said Keith Block, co-CEO, Salesforce. “With this strong quarter, we’re well on our way to our next milestone of $23 billion in revenue in FY22.”

"Salesforce's vision and position as the #1 sales, service, marketing and CRM platform is enabling our customers to stay ahead and thrive in this Fourth Industrial Revolution," said Marc Benioff, chairman and co-CEO, Salesforce. "We are guided by our values as we ensure our technology drives our customers' success and improves the state of the world."

Salesforce delivered the following results for its fiscal second quarter:

Revenue: Total second quarter revenue was $3.28 billion, an increase of 27% year-over-year, and 27% in constant currency. Subscription and support revenues were $3.06 billion, an increase of 28% year-over-year. Professional services and other revenues were $221 million, an increase of 14% year-over-year.

Earnings per Share: Second quarter GAAP diluted earnings per share was $0.39, and non-GAAP diluted earnings per share was $0.71. Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefitted GAAP diluted earnings per share by $0.18 and non-GAAP diluted earnings per share by $0.14. GAAP diluted earnings per share also benefitted by $0.18 related to the partial release of the tax valuation allowance as a result of the MuleSoft acquisition.

Cash: Cash generated from operations for the second quarter was $458 million, an increase of 38% year-over-year. Total cash, cash equivalents and marketable securities ended the second quarter at $3.43 billion.

Unearned Revenue: Unearned revenue on the balance sheet as of July 31, 2018 was $5.88 billion, an increase of 24% year-over-year, and 24% in constant currency.

Remaining Performance Obligation (formerly Remaining Transaction Price): Remaining performance obligation, representing future revenues that are under contract but have not yet been recognized, ended the second quarter at approximately $21 billion, an increase of 36% year-over-year. This includes approximately $200 million related to the remaining performance obligation from MuleSoft. Current remaining performance obligation, which represents the future revenues under contract expected to be




The following information was filed by Salesforce Com Inc (CRM) on Wednesday, August 29, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Salesforce Com Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Operations (Parenthetical)
Business Combinations
Business Combinations (Cloudcraze Narrative) (Details)
Business Combinations (Consideration Transferred) (Details)
Business Combinations (Estimated Fair Values Of Assets Acquired And Liabilities Assumed) (Details)
Business Combinations (Intangible Assets Acquired) (Details)
Business Combinations (Narrative) (Details)
Business Combinations (Pro Forma Information) (Details)
Business Combinations (Tables)
Commitments
Commitments (Tables)
Commitments - Additional Information (Detail)
Commitments - Schedule Of Future Minimum Lease Payments Under Non-Cancelable Operating And Capital Leases (Detail)
Debt
Debt (Tables)
Debt - Bridge Facility (Detail)
Debt - Carrying Value Of Borrowings (Details)
Debt - Convertible Senior Notes (Detail)
Debt - Future Principal Payments (Details)
Debt - Loan Assumed On 50 Fremont (Details)
Debt - Revolving Credit Facility (Details)
Debt - Schedule Of Interest Expense (Detail)
Debt - Senior Notes (Details)
Debt - Term Loans (Detail)
Debt - Warrants (Detail)
Derivatives
Derivatives (Tables)
Derivatives - Effect Of Derivative Instruments Not Designated As Hedging Instruments On Condensed Consolidated Statements Of Operations (Detail)
Derivatives - Fair Value Of Outstanding Derivative Instruments (Detail)
Derivatives - Schedule Of Outstanding Foreign Currency Derivative Contracts Related Primarily To Intercompany Receivables And Payables (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Reconciliation Of Denominator Used In Calculation Of Basic And Diluted Loss Per Share (Detail)
Earnings Per Share - Shares Excluded From Diluted Earnings Or Loss Per Share (Detail)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis (Detail)
Income Taxes
Income Taxes (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill
Intangible Assets Acquired Through Business Combinations And Goodwill (Expected Future Amortization Expense For Purchased Intangible Assets) (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill (Goodwill) (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill (Intangible Assets Acquired From Business Combinations) (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill (Tables)
Investments
Investments (Tables)
Investments - Schedule Of Components Of Investment Income (Detail)
Investments - Schedule Of Marketable Securities (Detail)
Investments - Schedule Of Marketable Securities In Unrealized Loss Position (Detail)
Investments - Schedule Of Short-Term And Long-Term Marketable Securities (Detail)
Investments - Schedule Of Strategic Investments (Detail)
Legal Proceedings And Claims
Legal Proceedings And Claims (Details)
Other Balance Sheet Accounts
Other Balance Sheet Accounts (Tables)
Other Balance Sheet Accounts - Additional Information (Detail)
Other Balance Sheet Accounts - Schedule Of Accounts Payable, Accrued Expenses And Other Liabilities (Detail)
Other Balance Sheet Accounts - Schedule Of Other Assets (Detail)
Other Balance Sheet Accounts - Schedule Of Other Non Current Liabilities (Detail)
Other Balance Sheet Accounts - Schedule Of Prepaid Expenses And Other Current Assets (Detail)
Property And Equipment
Property And Equipment (Detail)
Property And Equipment (Tables)
Related-Party Transactions
Related-Party Transactions (Details)
Revenues
Revenues (Tables)
Revenues - Contract Balances, Unearned Revenue And Remaining Performance Obligation (Details)
Revenues - Disaggregation Of Revenue (Detail)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Fair Value Assumptions (Detail)
Stockholders' Equity - Schedule Of Restricted Stock Activity (Detail)
Stockholders' Equity - Shares Of Common Stock Available For Future Issuance Under Stock Option Plans (Detail)
Stockholders' Equity - Stock Activity (Detail)
Stockholders' Equity - Stock Options Outstanding (Detail)
Subsequent Event
Subsequent Event (Details)
Summary Of Business And Significant Accounting Policies
Summary Of Business And Significant Accounting Policies (Policies)
Summary Of Business And Significant Accounting Policies (Tables)
Summary Of Business And Significant Accounting Policies - Additional Information (Detail)
Summary Of Business And Significant Accounting Policies - Adoption Of Asu 2014-09 (Details)
Summary Of Business And Significant Accounting Policies - Schedule Of Property And Equipment Estimated Useful Lives (Detail)
Ticker: CRM
CIK: 1108524
Form Type: 10-Q Quarterly Report
Accession Number: 0001108524-18-000057
Submitted to the SEC: Fri Aug 31 2018 4:29:15 PM EST
Accepted by the SEC: Fri Aug 31 2018
Period: Tuesday, July 31, 2018
Industry: Prepackaged Software

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