Last10K.com

Salesforce.Com, Inc. (CRM) SEC Filing 10-Q Quarterly Report for the period ending Saturday, July 31, 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

Carolyn Guss
Salesforce
Public Relations
415-536-4966
cguss@salesforce.com


Salesforce Announces Strong Second Quarter Fiscal 2022 Results
Raises FY22 Revenue Guidance to $26.2 Billion to $26.3 Billion

Second Quarter Revenue of $6.34 Billion, up 23% Year-Over-Year, 21% in Constant Currency
Current Remaining Performance Obligation of Approximately $18.7 Billion, up 23% Year-Over-Year, 23% in Constant Currency
Second Quarter Operating Cash Flow of $0.39 Billion, down 10% Year-Over-Year
Second Quarter GAAP Operating Margin of 5.2% and Non-GAAP Operating Margin of 20.4%
Raises FY22 GAAP Operating Margin Guidance to Approximately 1.8% and Non-GAAP Operating Margin Guidance to Approximately 18.5%
Initiates Third Quarter FY22 Revenue Guidance of $6.78 Billion to $6.79 Billion, up Approximately 25% Year-Over-Year

SAN FRANCISCO, Calif. - August 25, 2021 -
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its second quarter of fiscal 2022 ended July 31, 2021.

“With companies and governments around the world continuing to accelerate their digital transformations, we delivered our fifth phenomenal quarter in a row," said Marc Benioff, Chair & CEO, Salesforce. "Salesforce has never seen better execution or greater momentum. Our Customer 360 platform is now fueled by a herd of unicorns perfectly designed for this all-digital world. Sales, Service, Marketing & Commerce, Platform, Tableau, MuleSoft and now Slack are all billion dollar-plus products delivering customer success like no other company.”

“We had another remarkable quarter of top and bottom line performance, making this an impressive first half of this fiscal year,” said Amy Weaver, President and CFO. “We exceeded our financial expectations in the quarter, achieving record levels of new business, and saw strong demand across our portfolio. And we are excited to build on Slack’s momentum with the power of our two companies now together.”

Salesforce delivered the following results for its fiscal second quarter:

Revenue: Total second quarter revenue was $6.34 billion, an increase of 23% year-over-year, and 21% in constant currency. Subscription and support revenues for the quarter were $5.91 billion, an increase of 22% year-over-year. Professional services and other revenues for the quarter were $0.43 billion, an increase of 37% year-over-year.

Operating Margin: Second quarter GAAP operating margin was 5.2%. Second quarter non-GAAP operating margin was 20.4%.

Earnings per Share: Second quarter GAAP diluted earnings per share was $0.56, and non-GAAP diluted earnings per share was $1.48. Mark-to-market accounting of the company’s strategic investments benefited GAAP diluted earnings per share by $0.42 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.43 based on a non-GAAP tax rate of 21.5%.

Cash: Cash generated from operations for the second quarter was $0.39 billion, a decrease of 10% year-over-year. Total cash, cash equivalents and marketable securities ended the second quarter at $9.65 billion.




The following information was filed by Salesforce Com Inc (CRM) on Wednesday, August 25, 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.

View differences made from one quarter to another to evaluate Salesforce Com Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Salesforce Com Inc.

Continue

Assess how Salesforce Com Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Salesforce Com Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Other
Filter Subcategory:
All
Cash Flow
Earnings
Shares
Expense
Product
Income
Geography
Debt
Other
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 (Tables)
Business Combinations - Intangible Assets Acquired (Details)
Business Combinations - Narrative (Details)
Business Combinations - Schedule Of Consideration Transferred (Details)
Business Combinations - Schedule Of Pro Forma Information (Details)
Business Combinations - Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed (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: 0001108524-21-000047
Submitted to the SEC: Fri Aug 27 2021 8:09:35 AM EST
Accepted by the SEC: Fri Aug 27 2021
Period: Saturday, July 31, 2021
Industry: Prepackaged Software

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/crm/0001108524-21-000047.htm