Salesforce Announces Strong Fourth Quarter and Full Fiscal 2023 Results

Headline:

Salesforce NYSE CRM, the 1 AI CRM, today announced results for its first quarter fiscal 2025 ended April.

Summary:

Salesforce, the global leader in customer relationship management (CRM), today announced strong fourth quarter and full fiscal 2023 results. The company's revenue grew 26% year-over-year to $8.38 billion, and its non-GAAP earnings per share grew 34% year-over-year to $1.35. Salesforce's strong performance was driven by continued demand for its cloud-based CRM solutions, as well as its recent acquisitions of Slack and Tableau.

Key Highlights:

• Revenue grew 26% year-over-year to $8.38 billion.
• Non-GAAP earnings per share grew 34% year-over-year to $1.35.
• Subscription and support revenue grew 27% year-over-year to $7.91 billion.
• Professional services and other revenue grew 17% year-over-year to $468 million.
• Salesforce's operating margin was 17.7%, up from 16.3% in the prior year.

Outlook:

For the first quarter of fiscal 2025, Salesforce expects revenue to grow 20% year-over-year to $8.35 billion to $8.37 billion. The company also expects non-GAAP earnings per share to grow 25% to 26% year-over-year to $1.14 to $1.15.

For the full fiscal year 2025, Salesforce expects revenue to grow 19% to 20% year-over-year to $33.2 billion to $33.6 billion. The company also expects non-GAAP earnings per share to grow 23% to 24% year-over-year to $5.01 to $5.05.