Q2 Figures
During the quarter that ended on July 31st, revenue rose 23% YoY as it amounted to $6.34 billion, exceeding the $6.24 billion that analysts expected. It was the company's first-ever quarter that exceeded $6 billion in sales. Adjusted earnings amounted to $1.48 per share, also exceeding expectations of 92 cents per share.
Segments
The unit includes the MuleSoft integration software and Tableau data-analytics software expanded 24% and delivered $1.88 billion in revenue. The Service Cloud unit's revenue grew approximately 23% as it amounted to $1.60 billion. The core Sales Cloud product brought in $1.48 billion to the revenue table as it grew 15%.
Acquisitions
During the quarter, the $27.7 billion acquisition of team communication app company Slack was completed and is expected to bring in revenue of $530 million during the second half of the year. Late last year, the company announced it will purchase an IT consulting firm Acumen Solutions which is expected to generate $200 million in revenue also during this time frame.
The company announced its plans to target investment banks through its Financial Services Cloud, as well as that it plans to Work.com software for employee wellness.
Outlook
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