Strong Q2 for Salesforce following Slack acquisition

Having closed its acquisition of Slack earlier in the quarter, Salesforce has now revealed strong Q2 2022 results with total Q2 revenue up 23 percent year on year at $6.34bn.

Subscription and support revenues for the quarter were $5.91bn, an increase of 22 percent year on year, while professional services and other revenues for the quarter were $0.43bn, an increase of 37 percent. Second quarter GAAP operating margin was 5.2 percent, while non-GAAP operating margin was 20.4 percent.

Marc Benioff, chair and CEO of Salesforce, said: “With companies and governments around the world continuing to accelerate their digital transformations, we delivered our fifth phenomenal quarter in a row. Salesforce has never seen better execution or greater momentum. Sales, Service, Marketing & Commerce, Platform, Tableau, MuleSoft and now Slack are all billion dollar-plus products delivering customer success like no other company.”

Amy Weaver, president and CFO, added: “We had another remarkable quarter of top and bottom-line performance, making this an impressive first half of this fiscal year. We exceeded our financial expectations in the quarter, achieving record levels of new business, and saw strong demand across our portfolio. And we are excited to build on Slack’s momentum with the power of our two companies now together.”

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