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Salesforce.Com, Inc. (CRM) SEC Filing 10-Q Quarterly report for the period ending Thursday, April 30, 2020

SEC Filings

Salesforce Com Inc

CIK: 1108524 Ticker: CRM
Exhibit 99.1
Evan Goldstein
Salesforce
Investor Relations
415-819-2987
evan.goldstein@salesforce.com

Stephanie Barnes
Salesforce
Public Relations
415-722-0883
stephanie.barnes@salesforce.com


Salesforce Announces Record First Quarter Fiscal 2021 Results

First Quarter Revenue of $4.87 Billion, up 30% Year-Over-Year, 31% in Constant Currency
Current Remaining Performance Obligation of Approximately $14.5 Billion, up 23% Year-Over-Year, 24% in Constant Currency
First Quarter Operating Cash Flow of $1.86 Billion, down 5% Year-Over-Year
Initiates Q2 FY21 Revenue Guidance of $4.89 Billion to $4.90 Billion, up Approximately 22% to 23% Year-Over-Year
Updates FY21 Revenue Guidance to Approximately $20.0 Billion, up Approximately 17% Year-Over-Year

SAN FRANCISCO, Calif. - May 28, 2020 -
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal first quarter ended April 30, 2020.

“Our results, amidst this global crisis, demonstrated our ability to execute at speed, innovate at scale and the strength of our business model,” said Marc Benioff, Chair & CEO, Salesforce. “We made long-term investments in keeping our employees safe, supporting our customers, delivering crucial innovation like Work.com, and helping our communities with PPE, grants, and technology. The pandemic showed us that digital is an imperative for every company, and we’re confident Salesforce will continue to accelerate as we bring our customers into the new normal.”

In response to COVID-19, Salesforce took the following actions in its fiscal first quarter to invest in its customers, employees and community during this unprecedented time, and to prepare for the future:

Launched Salesforce Care, a set of free rapid response solutions to help companies stay connected to their employees, customers and partners during the COVID-19 crisis
Created the Tableau Data Hub, a free resource to help companies and governments around the world see and understand data about the pandemic
Developed an online leadership program called Leading Through Change. The program highlights the work Salesforce customers have been doing during the crisis and has over 75 million views to date
Provided customers most affected by the COVID-19 pandemic temporary financial flexibility
Gave certainty to its sales team with a one-time guaranteed commission for the first quarter
Directed its global workforce to work from home and cancelled all business travel by employees for the foreseeable future
Committed to no significant layoffs for the first 90 days of the crisis
Launched B-Well Together for employees, a series focused on aligning the mind and body with leading well-being experts. Based on global demand, the company opened it to the public
Shifted customer, industry, and employee events to virtual-only experiences for the remainder of 2020
Donated more than $7.5M in grants to organizations on the front lines of the crisis in the San Francisco Bay Area, New York, Israel, Italy, Spain, France and Germany
Sourced more than 50 million units of PPE, such as masks, gowns, suits, and face shields for hospitals in the US, U.K., India and France

Salesforce continues to invest in its stakeholders. In the second fiscal quarter, the company introduced Work.com, new technology solutions and resources to help business and community leaders around the world reopen safely,



The following information was filed by Salesforce Com Inc (CRM) on Thursday, May 28, 2020 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
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Operations (Parenthetical)
Condensed Consolidated Statements Of Stockholders??? Equity
Business Combinations
Business Combinations (Narrative) (Details)
Debt
Debt (Tables)
Debt - Carrying Value Of Borrowings (Details)
Debt - Future Principal Payments (Details)
Debt - Narrative (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)
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 - Gains (Losses) On Strategic Investments, Net (Details)
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 - Maturities Of Lease Liabilities (Details)
Legal Proceedings And Claims
Legal Proceedings And Claims (Details)
Net Income Per Share
Net Income Per Share (Tables)
Net Income Per Share - Reconciliation Of Denominator Used In Calculation Of Basic And Diluted Earnings Per Share (Details)
Net Income Per Share - Shares Excluded From Diluted Earnings Per Share (Details)
Other Balance Sheet Accounts
Other Balance Sheet Accounts (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)
Stockholder's Equity - Aggregate Stock Compensation (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: 0001108524-20-000029
Submitted to the SEC: Mon Jun 01 2020 4:17:39 PM EST
Accepted by the SEC: Mon Jun 01 2020
Period: Thursday, April 30, 2020
Industry: Prepackaged Software

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