CLAIM #17060 · Salesforce.com Inc (CRM) · 2023Q2 earnings call · Aug 24, 2022 · due Oct 31, 2022
“We also expect the $380 million contribution from Slack.”
Amy Weaver · CFO
How to check this claim
Look at: Slack segment/product revenue contribution for Q3 FY23
It came true if: Slack revenue contribution between $360 million and $400 million
Where: management commentary on Q3 FY23 earnings call / company disclosures
In context
“cted, while high tech, energy and financial services stayed more consistent during the quarter. And from a product perspective, commerce and marketing saw more pronounced decelerations, while sales and service remains strong. Turning to remaining performance obligation, or RPO, which represents all future revenue under contract. It ended Q2 at approximately $41.6 billion, up 15% year-over-year. Current remaining performance obligation, or CRPO, was approximately $21.5 billion, up 15% year-over-year and 19% in constant currency. This includes 1 point of incremental FX headwind beyond our Q2 guidance. Moving to Q3 guidance. We expect revenue of $7.82 billion to $7.83 billion, or approximately 14% growth year-over-year and 18% in constant currency. This reflects a $250 million FX headwind. We also expect the $380 million contribution from Slack. As a reminder, Q3 represents the fifth quarter of Slack contributions to revenue. Therefore, the year-over-year growth rates will be normalized. CRPO growth is expected to be approximately 12% year-over-year or 15% in constant currency. And we expect GAAP EPS of $0.09 to $0.10 and non-GAAP EPS of $1.20 to $1.21. Now turning to our full year fiscal '23 guidance. We are now guiding to fiscal '23 revenue of $30.9 billion to $31.0 billion or approximately 17% growth year-over-year, 20% in constant currency. This incorporates the trends in customer behavior that we saw beginning in July. The total year-over-year FX headwind is now $800 million, an incremental $200 million year-over-year since our previous guidance. As a reminder, the currencies most impacting our revenue are the euro, the Bri”
Verify independently
SEC filings for CRM ↗ · Claim quote is verbatim from the 2023Q2 earnings call.