Salesforce, the global leader in CRM, 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.”
Salesforce’s first quarter revenue was $5.96 billion, an increase of 23 percent year-over-year, and 20 percent in constant currency.
Subscription and support revenues for the quarter were $5.54 billion, an increase of 21 percent year-over-year.
Professional services and other revenues for the quarter were $0.43 billion, an increase of 47 percent year-over-year.
Salesforce is raising revenue guidance by $250 million to $26 billion for 2021. The revenue guidance represents 22 percent projected growth year-over-year. It is also raising operating margin to 18 percent. Salesforce will achieving $50 billion revenue by fiscal year 2026.