Salesforce (NYSE: CRM ) has reported its fiscal 2025 first-quarter earnings, highlighting a steady revenue increase to $9.13 billion, marking an 11% year-over-year growth. The company's subscription and support segment saw a 12% rise, contributing significantly to the overall performance.
Despite facing a challenging economic environment, Salesforce maintained its revenue forecast for the fiscal year at $37.7 billion to $38 billion. Executives expressed confidence in their strategic investments and the company's focus on AI transformation, which is supported by managing over 250 petabytes of customer data.
Salesforce's Data Cloud has been a strong growth driver, with notable customer successes in utilizing the platform. Key Takeaways Salesforce's Q1 revenue reached $9.13 billion, an 11% increase YoY.
Subscription and support revenue grew by 12% YoY. Full-year revenue guidance remains unchanged at $37.7 billion to $38 billion.
Data Cloud's significant growth, with 25% of large deals including it. The company's focus on AI, with successful customer integrations. International expansion and multi-cloud deals highlighted as growth levers.
Salesforce expects non-GAAP operating margin of 32.5% and GAAP operating margin of approximately 20% for FY25. Anticipated operating cash flow growth between 21% and 24%, with free cash flow growth projected at 23% to 26% for the fiscal year.
Company Outlook Salesforce projects GAAP diluted EPS of $6.04 to $6.12 and non-GAAP diluted EPS of $9.
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