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Salesforce.Com, Inc. (CRM) SEC Filing 10-Q Quarterly Report for the period ending Friday, April 30, 2021

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 Strong First Quarter Fiscal 2022 Results
Raises FY22 Revenue Guidance to $25.9 Billion to $26.0 Billion

First Quarter Revenue of $5.96 Billion, up 23% Year-Over-Year, 20% in Constant Currency
Current Remaining Performance Obligation of Approximately $17.8 Billion, up 23% Year-Over-Year, 20% in Constant Currency
First Quarter Operating Cash Flow of $3.23 Billion, up 74% Year-Over-Year
First Quarter GAAP Operating Margin of 5.9% and Non-GAAP Operating Margin of 20.2%
Raises FY22 GAAP Operating Margin Guidance to Approximately 1.4% and Non-GAAP Operating Margin Guidance to Approximately 18.0%
Initiates Second Quarter FY22 Revenue Guidance of $6.22 Billion to $6.23 Billion, up Approximately 21% Year-Over-Year

SAN FRANCISCO, Calif. - May 27, 2021 -
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its first quarter of fiscal 2022 ended April 30, 2021.

“We had the best first quarter in our company’s history,” said Marc Benioff, Chair & CEO, Salesforce. “We believe our Customer 360 platform is proving to be the most relevant technology for companies accelerating out of the pandemic. With incredible momentum throughout our core business, we’re raising our revenue guidance for this fiscal year by $250 million to approximately $26 billion and non-GAAP operating margin to 18 percent. We’re on our path to reach $50 billion in revenue in FY26.”

“Our performance in the first quarter was strong across all financial metrics,” said Amy Weaver, President and Chief Financial Officer, Salesforce. “We saw record levels of new business and strength across all products, regions, and customer sizes. Our impressive start to this year helps fuel our momentum for the rest of the year as we keep pace toward our goal of $50 billion in revenue in FY26.”

Salesforce delivered the following results for its fiscal first quarter:

Revenue: Total first quarter revenue was $5.96 billion, an increase of 23% year-over-year, and 20% in constant currency. Subscription and support revenues for the quarter were $5.54 billion, an increase of 21% year-over-year. Professional services and other revenues for the quarter were $0.43 billion, an increase of 47% year-over-year.

Operating Margin: First quarter GAAP operating margin was 5.9%. First quarter non-GAAP operating margin was 20.2%.

Earnings per Share: First quarter GAAP diluted earnings per share was $0.50, and non-GAAP diluted earnings per share was $1.21. Mark-to-market accounting of the company’s strategic investments benefited GAAP diluted earnings per share by $0.23 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.24 based on a non-GAAP tax rate of 21.5%.

Cash: Cash generated from operations for the first quarter was $3.23 billion, an increase of 74% year-over-year. Total cash, cash equivalents and marketable securities ended the first quarter at $15.02 billion.




The following information was filed by Salesforce Com Inc (CRM) on Thursday, May 27, 2021 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 (Details)
Fair Value Measurement
Fair Value Measurement (Details)
Fair Value Measurement (Tables)
Income Taxes
Income Taxes - Narrative (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill
Intangible Assets Acquired Through Business Combinations And Goodwill (Tables)
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)
Investments
Investments (Tables)
Investments - Gains (Losses) On Strategic Investments, Net (Details)
Investments - Schedule Of Marketable Securities (Details)
Investments - Schedule Of Short-Term And Long-Term Marketable Securities (Details)
Investments - Schedule Of Strategic Investments (Details)
Leases And Other Commitments
Leases And Other Commitments (Tables)
Leases And Other Commitments - Maturities Of Lease Liabilities (Details)
Leases And Other Commitments - Narrative (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)
Related-Party Transactions
Related-Party Transactions (Details)
Revenues
Revenues (Tables)
Revenues - Contract Balances And Unearned Revenue (Details)
Revenues - Disaggregation Of Revenue (Details)
Revenues - Remaining Performance Obligation (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Schedule Of Restricted Stock Activity (Details)
Stockholders' Equity - Share-Based Compensation, Stock Options, Activity (Details)
Stockholders' Equity - Share-Based Payment Arrangement Expensed And Capitalized, Amount (Details)
Stockholders' Equity - Stock Options Outstanding (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 (Details)
Summary Of Business And Significant Accounting Policies - Schedule Of Property And Equipment Estimated Useful Lives (Details)

Material Contracts, Statements, Certifications & more

Salesforce Com Inc provided additional information to their SEC Filing as exhibits

Ticker: CRM
CIK: 1108524
Form Type: 10-Q Quarterly Report
Accession Number: 0001108524-21-000030
Submitted to the SEC: Wed Jun 02 2021 8:08:29 AM EST
Accepted by the SEC: Wed Jun 02 2021
Period: Friday, April 30, 2021
Industry: Prepackaged Software

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