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Salesforce Announces Record First Quarter Fiscal 2025 Results

CRM Leader Reports Strong Growth in Revenue and Customer Base

Key Highlights:

• Revenue increased 24% year-over-year to $8.38 billion
• Subscription revenue grew 25% year-over-year to $7.42 billion
• Customer base grew to over 150,000

SAN FRANCISCO, June 1, 2023 - Salesforce (NYSE: CRM), the global leader in customer relationship management (CRM), today announced results for its first quarter fiscal 2025 ended April 30, 2023. The company reported strong growth in revenue and its customer base, driven by continued demand for its cloud-based CRM solutions.

"We had a record first quarter, with revenue growth across all our major geographies and customer segments," said Marc Benioff, Chairman and CEO of Salesforce. "Our AI-powered CRM platform is helping organizations around the world connect with their customers in new and innovative ways. We are excited about the momentum we have entering fiscal 2025 and are confident in our ability to continue to drive growth and innovation in the CRM market."

For the first quarter fiscal 2025, Salesforce reported the following financial results:

• Revenue increased 24% year-over-year to $8.38 billion.
• Subscription revenue grew 25% year-over-year to $7.42 billion.
• Net income was $986 million, an increase of 22% year-over-year.
• Diluted earnings per share were $0.91, an increase of 23% year-over-year.

Salesforce also announced that its customer base grew to over 150,000 during the first quarter fiscal 2025. This growth was driven by strong demand for the company's AI-powered CRM solutions, which help organizations connect with their customers in new and innovative ways.

The company's outlook for the full year fiscal 2025 is as follows:

• Revenue is expected to be in the range of $36.0 billion to $36.2 billion.
• Subscription revenue is expected to be in the range of $31.8 billion to $32.0 billion.
• Diluted earnings per share are expected to be in the range of $4.74 to $4.78.

Overall, Salesforce reported strong results for its first quarter fiscal 2025, driven by continued demand for its cloud-based CRM solutions. The company's outlook for the full year fiscal 2025 is also positive, indicating that it is well-positioned to continue to drive growth and innovation in the CRM market.

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