Salesforce Surges with 11% Q2 Revenue Growth, Invests in HiBob

Salesforce, Inc., parent company of CRM, reported Q2 revenue growth of +11% year-over-year (YoY) to $11.35 billion. The company's remaining performance obligations rose by 14% in constant currency (CC), reaching $29.4 billion.

In addition to the quarterly results, Salesforce co-led a funding round for HiBob, an HR software firm. This investment values HiBob at $3.2 billion and is considered a key corporate investment for CRM.

Salesforce also raised its full-year revenue guidance to $41.1, $41.3 billion and increased its non-GAAP operating margin target to 34%.