Salesforce, the global leader in CRM, announced results for its first quarter fiscal 2023 ended April 30, 2022.
San-Francisco-based Salesforce said its revenue rose 24 percent in the first quarter to $7.41 billion from a year earlier. Net income of Salesforce fell to $28 million from $469 million.
Salesforce said Subscription and support revenues for the quarter were $6.86 billion, an increase of 24 percent year-over-year. Professional services and other revenues for the quarter were $0.56 billion, an increase of 30 percent year-over-year.
Salesforce has generated first quarter revenue of $4.971 billion ($4.094 billion) from Americas, $1.738 billion ($1.302 billion) from Europe and $702 million ($567 million) from the Asia Pacific region.
Marc Benioff, Co-CEO of Salesforce, said: “There is no greater measure of our resilience and the momentum in our business than the $42 billion we have in remaining performance obligation, representing all future revenue under contract.”
“Our financial results once again demonstrate the strength and durability of our business model as we continue to see strong demand from customers across the entire Customer 360 portfolio,” said Bret Taylor, Co-CEO, Salesforce.
