Earnings release
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● Evan Goldstein Salesforce Investor Relations 415-819-2987 evan.goldstein@salesforce.com Stephanie Barnes Salesforce Public Relations 415-722-0883 stephanie.barnes@salesforce.com Salesforce Announces Strong First Quarter Fiscal 2022 Results Raises FY22 Revenue Guidance to $ 25.9 Billion to $ 26.0 Billion First Quarter Revenue of $ 5.96 Billion , up 23 % Year - Over - Year , 20 % in Constant Currency Current Remaining Performance Obligation of Approximately $ 17.8 Billion , up 23 % Year - Over - Year , 20 % in Constant Currency First Quarter Operating Cash Flow of $ 3.23 Billion , up 74 % Year - Over - Year First Quarter GAAP Operating Margin of 5.9 % and Non - GAAP Operating Margin of 20.2 % Raises FY22 GAAP Operating Margin Guidance to Approximately 1.4 % and Non - GAAP Operating Margin Guidance to Approximately 18.0 % Initiates Second Quarter FY22 Revenue Guidance of $ 6.22 Billion to $ 6.23 Billion , up Approximately 21 % Year - Over - Year SAN FRANCISCO , Calif . - May 27 , 2021 - Salesforce ( NYSE : CRM ) , the global leader in CRM , today announced results for its first quarter of fiscal 2022 ended April 30 , 2021 . " We had the best first quarter in our company's history , " said Marc Benioff , Chair & CEO , Salesforce . " We believe our Customer 360 platform is proving to be the most relevant technology for companies accelerating out of the pandemic . With incredible momentum throughout our core business , we're raising our revenue guidance for this fiscal year by $ 250 million to approximately $ 26 billion and non - GAAP operating margin to 18 percent . We're on our path to reach $ 50 billion in revenue in FY26 . " " Our performance in the first quarter was strong across all financial metrics , " said Amy Weaver , President and Chief Financial Officer , Salesforce . " We saw record levels of new business and strength across all products , regions , and customer sizes . Our impressive start to this year helps fuel our momentum for the rest of the year as we keep pace toward our goal of $ 50 billion in revenue in FY26 . " Salesforce delivered the following results for its fiscal first quarter : Revenue : Total first quarter revenue was $ 5.96 billion , an increase of 23 % year - over - year , and 20 % in constant currency . Subscription and support revenues for the quarter were $ 5.54 billion , an increase of 21 % year - over year . Professional services and other revenues for the quarter were $ 0.43 billion , an increase of 47 % year - over year . Operating Margin : First quarter GAAP operating margin was 5.9 % . First quarter non - GAAP operating margin was 20.2 % . Earnings per Share : First quarter GAAP diluted earnings per share was $ 0.50 , and non - GAAP diluted earnings per share was $ 1.21 . Mark - to - market accounting of the company's strategic investments benefited GAAP diluted earnings per share by $ 0.23 based on a U.S. tax rate of 25 % and non - GAAP diluted earnings per share by $ 0.24 based on a non - GAAP tax rate of 21.5 % . Cash : Cash generated from operations for the first quarter was $ 3.23 billion , an increase of 74 % year - over year . Total cash , cash equivalents and marketable securities ended the first quarter at $ 15.02 billion .