- Salesforce (NYSE: CRM)
- Slack acquisition has been closed.
- The company's first $6 billion in revenue in a single quarter.
- 23% year-over-year (y-o-y) revenue growth with a total of $6.34 billion in revenue for the quarter.
- Operating margin of 20.4%. It's an improvement of 20 basis points year-over-year.
- "I'm very excited that 5 out of the last 5 quarters that we've had that 20% or greater revenue growth. And that 3 of the last 5 quarters, we're having greater than 20% operating margin." - Marc Benioff, CEO.
- Sales Cloud grew at 15% y-o-y.
- Service Cloud is now a $6 billion business.
- Service Cloud grew at 23% y-o-y.
- Marketing & Commerce Cloud grew at 28% y-o-y.
- "And every one of these digital transformations is also a data transformation, which is driving the unprecedented success we're seeing in Tableau and MuleSoft. Tableau is within 9 of our top 10 deals this quarter, and MuleSoft is within 8 of our top 10 deals." - Bret Taylor, COO, Salesforce.
- Industry Cloud grew at 58% y-o-y.
- Salesforce is aggressively launching a "Slack-first" customer 360 project. All Salesforce products will be integrated with Slack.
- Slack's revenue grew by 39% y-o-y.
(Source: Salesforce)
Exhibit: Marc Benioff - CEO Salesforce.
(Source: Salesforce)
Published: August 26, 2021.
