Salesforce has announced the results for its fourth quarter and fiscal year, which ended on 31st January 2023.
An increase of 14% Year-Over-Year and 17% Constant Currency has been recorded in the fourth quarter of $8.38 billion. Also, a surge of 18% year over year, and a 22% increase in constant currency has been seen FY23. The GAAP Operating Margin is 3.3%, and the Non-GAAP Operating Margin of 22.5% FY23.
Salesforce’s Chair and CEO, Marc Benioff, said, “For the full year we delivered $31.4 billion in revenue, up 18% year-over-year, or 22% in constant currency, one of the best performances of any enterprise software company our size.
Marc also said that they have closed with operating cash flow reaching $7.1 billion FY23, up 19% year-over-year, the highest cash flow in the company’s history and one of the highest cash flows of any enterprise software company of their size.
Also, Amy Weaver, President and CFO at Salesforce, said that by relentlessly focusing on execution and managing the current environment, they have closed out a strong quarter and set themselves up for a transformative fiscal year.
Amy further added that it’s a new day at Salesforce, and as it continues to drive profitable growth, they are excited about the opportunities ahead.
Let’s wait and watch what more Salesforce has in its bucket for all of us.
Well, we’ll keep you informed if any further updates occur.
To stay updated with such amazing news and trends, make sure to follow us on different platforms – YouTube, Twitter, LinkedIn, Facebook, and Instagram.