salesforce.com’s (CRM) CEO Marc Benioff on Q2 2015 Results – Earnings Call Transcript

August 22, 2014 11:03 am | By More
Source: Seeking Alpha

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salesforce.com, inc. (NYSE:CRM)

Q2 2015 Earnings Conference Call

August 21, 2014 05:00 PM ET

Executives

John Cummings – Head, IR

Marc Benioff – CEO

Keith Block – President

Graham Smith – EVP

Mark Hawkins – CFO

Analysts

Heather Bellini – Goldman Sachs

Matt Hedberg – RBC Capital Markets

Karl Keirstead – Deutsche Bank

Jason Maynard – Wells Fargo

Brent Thill – UBS

Ed Maguire – CLSA

Kirk Materne – Evercore

Operator

Good evening. My name is Jason, and I will be your conference operator today. At this time, I would like to welcome everyone to the Salesforce Fiscal Second Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.

I would now like to turn the call over to John Cummings, Head of Investor Relations. Sir, you may begin your conference.

John Cummings – Head, IR

Thanks so much, Jason and good afternoon everyone and thanks for joining us for our fiscal second quarter 2015 results conference call. Our second quarter results press release, SEC filings and a replay of today’s call can be found on our new IR website, www.salesforce.com/investor. We’ll also post the highlights of today’s call on Twitter at the handle @salesforce_IR.

With me on the call today, are Marc Benioff, Chief Executive Officer, Keith Block, President and Vice Chairman, Graham Smith, Executive Vice President and Mark Hawkins, Chief Financial Officer. The team will share a few prepared remarks and then we’ll turn the call over for questions. As a reminder our commentary today will primarily be in the non-GAAP terms. Reconciliations between our GAAP and non-GAAP results and guidance can be found in our earnings release issued about an hour ago.

During today’s call, we may offer additional metrics to provide further insight into our business or results. This detail may or may not be provided in the future. We may also reference certain unreleased services or features not yet available. We cannot guarantee the timing or availability of these services or features. So we recommend customers listening today make purchase decisions based on services and features currently available.

The purpose of the call today is to provide you with information regarding our fiscal second quarter results. Some of our comments may contain forward-looking statements, which are subject to risks, uncertainties and assumptions and should any of these risks or uncertainties materialize or should our assumptions prove to be incorrect, actual Company results could differ materially from these forward-looking statements.

A description of risks, uncertainties, and assumptions and other factors that could affect our financial results are included in our SEC filings, including our most recent report on Form 10-Q, particularly under the heading, Risk Factors.

So with that, let me turn the call over to Marc.

Marc Benioff – CEO

Okay, hey thanks so much John, I really appreciate it. And first, let me tell you I am so pleased to welcome Mark Hawkins, our new CFO to our team and he is on the call with us today. And once again, our enduring thanks to Graham Smith for a phenomenal six years as CFO and as you know Graham is still with us as a full time advisor to me and Mark and he is doing that until the end of March and Graham is also participating on the call today; as well as Keith Block our Vice Chairman and President and we’re really excited to tell you all the amazing things going on at salesforce.com.

First I want to tell you. I spent almost a third of the quarter leaving in Europe and it was an amazing experience. I know many of you followed my trails on social media. I was — we did very, very large customer programs in Paris, thousands of our customers there, as well as in Munich. We opened our new Paris Headquarters. We opened our new Salesforce tower in London and it was just an incredible time. We profiled our work with amazing companies in Europe, including a huge deal that we launch with Philips, where they are beginning a software company and building their next generation health applications right on the Salesforce platform and I was thrilled to have incredible press conference with the Philips CEO while I was in Paris. And then we profiled some amazing work that we’re doing for Louis Vuitton where we’ve rolled out a global clienteling net really profiling one of France’s most important companies, LVMH, and our incredible work for them.

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