Salesforce has announced its quarterly results, and it is one of the best in the company’s history.
Salesforce reported $5.15 billion in revenue for its fiscal second quarter, representing a 29% increase year-over-year. The largest chunk of that was its subscription and support revenue, which experienced a 29% growth, coming in at $4.84 billion.
The company’s adjusted earnings per share was $1.44, roughly doubling Wall Street’s expectations. Salesforce also increased its guidance for Q3 FY21 to $5.24 to $5.25 billion. Similarly, it raised its guidance for FY21 to $20.7 Billion to $20.8 Billion.
“It’s humbling to have had one of the best quarters in Salesforce’s history against the backdrop of multiple crises seriously affecting our communities around the world,” said Marc Benioff, Chair and CEO of Salesforce. “Salesforce was founded on our belief in stakeholder capitalism and our core values of trust, customer success, innovation and equality. Our success in the quarter brought all of this together with the power of our Customer 360 platform, the resilience of our business model, putting our customers first and doing our part to take care of all of our stakeholders. We know that together we have an opportunity to emerge from these times even stronger.”