CRM leader Salesforce’s sales jumps 22% to $7.7 bn in Q2

Salesforce, the global leader in CRM, said its revenue increased 22 percent to $7.72 billion in its second quarter fiscal 2023 ended July 31, 2022.
Salesforce business software for healthcareSalesforce said subscription and support revenues increased 21 percent to $7.14 billion. Professional services and other revenues increased 35 percent to $0.58 billion.

Salesforce provided third quarter revenue guidance of $7.82 billion, up ~14 percent. Salesforce also provided full year FY23 revenue guidance of $30.9-$31 billion, up 17-20 percent.

“We had strong quarter, with revenue of $7.7 billion growing 22 percent, showing again the durability of our business model,” said Marc Benioff, Salesforce Chair and Co-CEO.

“Our results demonstrate the strength and diversity of our product portfolio across regions, industries and segments,” said Bret Taylor, Co-CEO, Salesforce. “In this more measured buying environment, our Customer 360 portfolio is even more strategic and relevant as our customers focus on productivity, efficiency and time to value.”