Salesforce Q2 Revenue Up, Raises Guidance
- Salesforce Q2 revenue increases 8% to $9.33 billion
- Full-year earnings guidance raised to $10.03-$10.11 a share
Salesforce has reported an 8% increase in revenue to $9.33 billion in the second quarter, surpassing analyst projections. The company's main business, subscription and support revenue, also saw a rise of 9% to $8.76 billion. Despite the challenging period in the software sector, Salesforce has managed to maintain its full-year revenue outlook.
The company has also raised its full-year earnings guidance. The adjusted earnings target has been increased from the previous range of $9.86 to $9.94 a share, to a new range of $10.03 to $10.11 a share.
In a separate development, Chief Financial Officer Amy Weaver has announced her decision to resign from her roles as CFO and president. She will continue to serve as CFO until a successor is appointed. After her resignation, Weaver will remain with Salesforce in an advisory capacity.