Salesforce Q1 FY23 Earnings: Continued Growth, Lowered Revenue Guidance and Focus on Customer 360

Insights for IT Negotiations

Salesforce reported Q1 FY23 earnings, and once again posted a strong total revenue growth of 24% while beating top- and bottom-line expectations. During the earnings call, Salesforce Co-CEOs Marc Benioff and Bret Taylor pointed towards the increased relevancy of Salesforce’s Customer 360 platform as a driving force behind their revenue growth. They also pointed to the amplified Customer 360 value proposition that comes from recent acquisitions like Tableau, Mulesoft and Slack as a contributing factor to that growth. Despite this growth, Salesforce lowered full year revenue guidance by $300M, citing an increase in foreign exchange volatility. In this podcast, our Salesforce Practice Leader, Adam Mansfield, discusses what to expect from Salesforce as they work to ensure their “really strong” pipeline turns into booked revenue in FY23. He also shares his thoughts on what customers should do to appropriately prepare for Salesforce’s adjusted selling strategy aimed at achieving their goals during a tougher economic environment. Host: Adam Mansfield: https://bit.ly/3rPGp8r SalesForce Commercial Advisory Services: https://bit.ly/2V78ADX