Salesforce revenue grew 24%; The table grew by 18%; Benioff sees a small impact of economic shocks – GeekWire

Salesforce co-CEO Mark Benioff says the company “sees no significant impact” from the uncertain global economy. (Photo by GeekWire / Kevin Lisota)

Salesforce’s revenue grew 24% to $ 7.4 billion in quarterly results, which investors closely followed to hint at the direction of spending on corporate technology amid concerns about the direction of the global economy.

“So far we just don’t see any significant impact from the wider economic world you’re all in,” said Mark Benioff, founder and co-CEO of Salesforce, during a conference that discussed the company’s first fiscal quarter. April 30. “Our demand remains very strong.”

Shares of Salesforce rose more than 7% in trading during non-business hours.

Seattle-based Tableau Software generated $ 464 million in salesforce for the quarter, up 18 percent from the same quarter last year. Presentation to the investor salesforce.

New customers received by Tableau in the quarter included ADT, Bose and Lookers Motor Group in the UK, Salesforce co-CEO Brett Taylor said during the call.

The table was acquired by Salesforce in 2019 by $ 15.7 billion. Salesforce employees in the Seattle region now number about 4,000, including Tableau employees, a spokesman said recently.

У its recent annual conferenceTableau has shown new technologies, including a narrative feature that automatically explains data from Tableau dashboards in simple language, as well as integration with Salesforce’s AI Einstein technology.

The main results of Salesforce and profitability of operating profit for the quarter ended April 30, 2022. See the full presentation of the investor for full footnotes and additional slides. (Salesforce Chart)

San Francisco-based Salesforce posted total quarterly earnings of 98 cents a share on an adjusted basis, compared to $ 1.21 a share a year earlier, but was ahead of 94 cents a share. expect analysts interviewed in advance.

Net income fell to $ 28 million from $ 469 million in the same quarter a year ago.

Salesforce reduced its revenue target for the full fiscal year to $ 31.7 billion to $ 31.8 billion from $ 32 billion to $ 32.1 billion earlier, citing adverse foreign exchange rate fluctuations. However, it raised its earnings per share benchmarks to a range of $ 4.74 to $ 4.76 from $ 4.62 to $ 4.64 earlier.

According to a footnote in the investor’s presentation, the revenue benchmark for the current fiscal year includes about $ 1.5 billion from Slack. Sales department acquired a platform of communication and cooperation last year by $ 27.7 billion

Combined with the Salesforce revenue report titles Mike Spencer, a former general manager of Microsoft investor relations, as the new leader in investor relations. Spencer, who was recently Honeywell’s chief financial officer, will remain in Atlanta, Benioff said during the conference.

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