Categories AlphaGraphs, Technology

CRM Earnings: Key quarterly highlights from Salesforce’s Q1 financial results

Salesforce (NYSE: CRM) reported its first quarter 2022 earnings results today.

Revenues increased 23% year-over-year to $5.96 billion. Revenue growth was 20% in constant currency.

GAAP net income was $469 million, or $0.50 per share, compared to $99 million, or $0.11 per share, in the same period a year ago. Adjusted EPS was $1.21.

The company beat expectations on both the top and bottom line numbers.

For the second quarter of 2022, Salesforce expects a loss of $0.10-0.09 on a GAAP basis. For the full year, GAAP EPS is estimated to be $0.22-0.24.

Prior performance

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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