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Salesforce.Com, Inc. (CRM) SEC Filing 10-Q Quarterly report for the period ending Thursday, October 31, 2019

SEC Filings

Salesforce Com Inc

CIK: 1108524 Ticker: CRM

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

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


Salesforce Announces Record Third Quarter Fiscal 2020 Results

Third Quarter Revenue of $4.5 Billion, up 33% Year-Over-Year, 34% in Constant Currency
Current Remaining Performance Obligation of Approximately $12.8 Billion, up 28% Year-Over-Year, 28% in Constant Currency
Remaining Performance Obligation of Approximately $25.9 Billion, up 22% Year-Over-Year
Initiates Q4 FY20 Revenue Guidance of $4.743 Billion to $4.753 Billion, up 32% Year-Over-Year
Initiates Q4 FY20 Current Remaining Performance Obligation Guidance of Approximately 21% Year-Over-Year
Initiates Q1 FY21 Revenue Guidance of $4.800 Billion to $4.835 Billion, up 28% to 29% Year-Over-Year

SAN FRANCISCO, Calif. - Dec. 3, 2019 -
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal third quarter ended October 31, 2019.

“We're now on track to double our revenue in five years,” said Marc Benioff, Chairman and co-CEO, Salesforce. “With Customer 360, only Salesforce is providing companies with a single source of truth, bringing them even closer to their customers across every touchpoint.”

“We had strong growth across our clouds and regions in the quarter as more companies turn to Salesforce as a trusted advisor in their digital transformations,” said Keith Block, co-CEO, Salesforce. “With these trusted customer relationships, continuous innovation and our phenomenal Trailblazer ecosystem, we have never been better positioned for the future.”

Salesforce delivered the following results for its fiscal third quarter:

Revenue: Total third quarter revenue was $4.5 billion, an increase of 33% year-over-year, and 34% in constant currency. Subscription and support revenues were $4.24 billion, an increase of 34% year-over-year. Professional services and other revenues were $274 million, an increase of 22% year-over-year.

Earnings per Share: Third quarter GAAP loss per share was $0.12, and non-GAAP diluted earnings per share was $0.75. Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefited GAAP loss per share by $0.01 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.01 based on a non-GAAP tax rate of 22.5%.

Cash: Cash generated from operations for the third quarter was $298 million, an increase of 108% year-over-year. Total cash, cash equivalents and marketable securities ended the third quarter at $6.53 billion.

Remaining Performance Obligation: Remaining performance obligation ended the third quarter at approximately $25.9 billion, an increase of 22% year-over-year. Current remaining performance obligation ended the third quarter at approximately $12.8 billion, an increase of 28% year-over-year, 28% in constant currency.

As of December 3, 2019, the company is initiating revenue, earnings per share and current remaining performance obligation growth guidance for its fourth quarter of fiscal year 2020. The company is maintaining its revenue



The following information was filed by Salesforce Com Inc (CRM) on Tuesday, December 3, 2019 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

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Operations (Parenthetical)
Condensed Consolidated Statements Of Stockholders??? Equity
Business Combinations
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)
Debt
Debt (Tables)
Debt - Carrying Value Of Borrowings (Details)
Debt - Future Principal Payments (Details)
Debt - Revolving Credit Facility (Details)
Debt - Schedule Of Interest Expense (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 (Details)
Earnings Per Share - Shares Excluded From Diluted Earnings Or Loss Per Share (Details)
Fair Value Measurement
Fair Value Measurement (Detail)
Fair Value Measurement (Tables)
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)
Leases And Other Commitments
Leases And Other Commitments (Tables)
Leases And Other Commitments - Additional Information (Details)
Leases And Other Commitments - Balance Sheet And Other Information Related To Leases (Details)
Leases And Other Commitments - Components Of Lease Expense And Supplemental Cash Flow Information (Details)
Leases And Other Commitments - Maturities Of Lease Liabilities (Details)
Legal Proceedings And Claims
Legal Proceedings And Claims (Details)
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)
Revenues - Remaining Performance Obligation (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Schedule Of Restricted Stock Activity (Detail)
Stockholders' Equity - Stock Options Outstanding (Detail)
Subsequent Events
Subsequent Events (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 - Narrative (Detail)
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: 0001108524-19-000076
Submitted to the SEC: Wed Dec 04 2019 11:20:21 AM EST
Accepted by the SEC: Wed Dec 04 2019
Period: Thursday, October 31, 2019
Industry: Prepackaged Software

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