赛富时：cRPO growth moderating on macro headwind
CRMsalesforce(CRM) 招银国际·2024-05-31 09:31

M N 31 May 2024 CMB International Global Markets | Equity Research | Company Update Salesforce (CRM US) cRPO growth moderating on macro headwind Target Price US335.00Salesforceannounced1QFY25financialresults:totalrevenuegrew11335.00 Salesforce announced 1QFY25 financial results: total revenue grew 11% YoY (Previous TP US350.00) to US9.13bn,inlinewithconsensusestimate;non−GAAPoperatingincomeUp/Downside53.79.13bn, in line with consensus estimate; non-GAAP operating income Up/Downside 53.7% grew by 29% YoY to US2.93bn, in line with consensus estimate. The market is Current Price US$218.01 concerned that its cRPO growth rate decelerated to 10% ...