Salesforce, Inc.
Q2 2023 Earnings Call
Aug 24, 2022, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to the Salesforce Fiscal 2023 second quarter results conference call. [Operator instructions]. I would like to hand over the conference to your speaker, Mike Spencer, executive vice president of investor relations. Sir, you may begin.
Mike Spencer -- Executive Vice President, Investor Relations
Thank you, Emma, and good afternoon, everyone. Thanks for joining us today for our fiscal 2023 second quarter results conference call. Our press release, SEC filings and a replay of today's call can be found on our IR website at www.salesforce.com/investor. With me on the call today is Marc Benioff, chair and co-CEO, Bret Taylor, vice chair and co-CEO, and Amy Weaver, chief financial officer.
We'll also be joined by Brian Millham, president and chief operating officer, who will be available for the Q&A portion of the call. As a reminder, our commentary today will include non-GAAP measures. Reconciliations between our GAAP and non-GAAP results and guidance can be found in our earnings and press release. Some of our comments today may contain forward-looking statements that are subject to risks and uncertainties and assumptions, which could change.
Should any of these risks materialize or should assumptions prove to be incorrect, actual company results could differ materially from these forward-looking statements. A description of these risks and uncertainties and assumptions and other factors that could affect our financial results is included in our SEC filings, including our most recent report on Forms 10-K, 10-Q and other SEC filings. And with that, let me hand the call to Marc.
Marc Benioff -- Chairman and Co-Chief Executive Officer
Well, hey, thanks, Mike. And thank you, everyone, for being on the call today. As you saw in the results for the quarter, we've delivered really strong revenue growth, profitability and cash flow, showing yet again the resilience and durability of our business model in this economic environment. Revenue in the quarter was $7.7 billion, up 22% year over year or 26% growth in constant currency.
We had a great quarter, but yet again, the dollar had an even stronger quarter, and we continue to see the impact on foreign exchange and currency fluctuation on our financials. For Q2, we saw approximately $250 million of headwind to revenue, which is roughly $50 million more than we assumed in our guide last quarter, and we now expect a total of $800 million foreign exchange headwind year over year for the full fiscal year. Operating margin in the quarter was 19.9%, and we delivered $334 million in operating cash flow. Our remaining performance obligation or the total undelivered contract value that we have with our customers is really an incredible $41.6 billion, and this is revenue signed.