Salesforce Reports Strong Q4 and FY2023 Results

Revenue, Earnings Exceed Expectations

Company Raises FY22 Revenue Guidance

San Francisco, CA - February 28, 2024 - Salesforce (NYSE: CRM), the global leader in customer relationship management (CRM), today announced financial results for its fiscal fourth quarter and full fiscal year ended January 31, 2024.

Key Highlights:

• Revenue for fiscal Q4 grew 24% year-over-year to $8.38 billion, exceeding analyst estimates of $8.26 billion.
• Earnings per share for fiscal Q4 were $1.23, beating consensus expectations of $1.18.
• For the full fiscal year, revenue increased 23% to $33.08 billion, driven by strong demand for Salesforce's AI-powered customer engagement solutions.
• The company raised its revenue guidance for fiscal 2022 to $38 billion, indicating continued growth momentum.

Salesforce's strong financial performance reflects the company's continued leadership in the CRM market and its ability to capitalize on the growing demand for digital transformation. The company's AI-powered solutions, such as Salesforce Einstein and Salesforce Customer 360, are helping businesses of all sizes connect with their customers in new and innovative ways.