Salesforce: 44% EPS growth in Q1

(CercleFinance.com) - Salesforce reported on Wednesday evening a 44% increase in adjusted EPS (non-GAAP) to $2.
44 for Q1, with an adjusted operating margin of 32.1%, on revenues that rose 11% to $9.13bn.

Our profitable growth trajectory continues to drive strong cash flow generation", stresses Marc Benioff, CEO of the CRM software company, pointing to a 39% jump in operating cash flow to $6.25bn.

Seeing a massive opportunity for its customers to connect with their customers in a whole new way with AI, it deems the group incredibly well placed to help companies realize the promise of AI over the next decade.

For its current financial year as a whole, Salesforce is maintaining its targets of an adjusted operating margin of 32.5%, revenues of between $37.7bn and $38bn, and operating cash flow growth of between 21% and 24%.


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