Salesforce Q1 2025: Revenue up 16%, Earnings per Share up 26%

Company continues to execute on its growth strategy, driven by strong demand for its cloud-based CRM solutions

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Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its first quarter fiscal 2025 ended April 30, 2024. Revenue for the quarter was $8.38 billion, up 16% year-over-year. Net income was $1.21 billion, up 26% year-over-year. Diluted earnings per share were $1.12, up 26% year-over-year.

"Our first quarter results reflect the continued strong demand for our cloud-based CRM solutions," said Marc Benioff, Chairman and CEO, Salesforce. "We are helping our customers succeed in the digital-first world by providing them with the tools they need to connect with their customers, grow their businesses, and drive innovation."

Salesforce's revenue growth was driven by strong demand for its core CRM products, as well as its newer offerings in areas such as marketing, commerce, and analytics. The company's subscription revenue, which represents the majority of its total revenue, grew 16% year-over-year to $7.74 billion.

Salesforce's net income growth was driven by a combination of factors, including its revenue growth, as well as its ongoing cost optimization efforts. The company's operating margin for the quarter was 14.5%, up from 13.4% in the year-ago quarter.

Salesforce ended the quarter with $14.7 billion in cash and cash equivalents, up from $13.0 billion at the end of the previous quarter. The company also had $10.6 billion in long-term debt, up from $9.9 billion at the end of the previous quarter.

Looking ahead, Salesforce expects to continue to grow its revenue and earnings in fiscal 2025. The company expects revenue for the full year to be in the range of $34.8 billion to $35.3 billion, up 16% to 18% year-over-year. The company also expects diluted earnings per share for the full year to be in the range of $4.75 to $4.85, up 17% to 19% year-over-year.

"We are excited about the future of Salesforce," said Benioff. "We are well-positioned to continue to grow our business and help our customers succeed in the digital-first world."