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Salesforce Q1 revenue $3.74 billion

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Christian Fernsby |
Salesforce
Salesforce   Professional services and other revenues were $241 million, an increase of 23%

Salesforce announced results for its fiscal first quarter ended April 30, 2019.

Total first quarter revenue was $3.74 billion, an increase of 24% year-over-year, and 26% in constant currency.

Subscription and support revenues were $3.50 billion, an increase of 24% year-over-year.

Professional services and other revenues were $241 million, an increase of 23% year-over-year.

First quarter GAAP diluted earnings per share was $0.49, and non-GAAP diluted earnings per share was $0.93.

Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefited GAAP diluted earnings per share by $0.27 based on the US tax rate of 25% and non-GAAP diluted earnings per share by $0.27 based on our non-GAAP tax rate of 22.5%.

Cash generated from operations for the first quarter was $1.97 billion, an increase of 34% year-over-year.

Total cash, cash equivalents and marketable securities ended the first quarter at $6.38 billion.


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