Home ยป Salesforce Reports Strong Growth in Q2 with 11% Increase in Revenue

Salesforce Reports Strong Growth in Q2 with 11% Increase in Revenue

Salesforce has released its second quarter financial results for the fiscal year 2024, ending in July. The company reported a total revenue increase of 11% compared to the same period last year, reaching $8.603 billion. According to GAAP accounting, the net profit was $1.267 billion.

Revenue from Subscription and Support increased by 12% to $8.006 billion, while Professional services and others saw a 3% growth, reaching $597 million.

Marc Benioff, Chairman, and CEO of Salesforce, stated that the strong performance in the first half of the fiscal year allowed the company to raise its revenue forecast for the entire year. Salesforce remains confident in its leading platforms and seamless integration across various services, including cloud-based solutions, Einstein platform, MuleSoft, Slack, and Tableau. The company is ready to lead its customers towards the era of AI.

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