Categories AlphaGraphs, Earnings, Technology
CRM Earnings: A snapshot of Salesforce’s Q4 2023 financial results
Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in fourth-quarter adjusted earnings, aided by strong revenue growth.
Fourth-quarter profit, excluding non-recurring items, increased to $1.68 per share from $0.84 per share in the same quarter last year. On an unadjusted basis, the company reported a net loss of $98 million or $0.10 per share in the three-month period, compared to a loss of $28 million or $0.03 per share in the corresponding period of 2022.
Revenues advanced 14% year-over-year to $8.38 billion. All the key operating segments registered growth in the final three months of fiscal 2023.
Check this space to read management/analysts’ comments on quarterly results
“We closed FY23 with operating cash flow reaching $7.1 billion, up 19% year-over-year, the highest cash flow in our company’s history, and one of the highest cash flows of any enterprise software company our size.,” said Marc Benioff, co-CEO of Salesforce.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Citigroup set to report Q4 2025 earnings. Here’s what to expect
Citigroup Inc. (NYSE: C) has undergone a sweeping transformation in recent years, emerging as a more streamlined and profitable financial institution. The bank's performance in recent quarters has underscored the
Home Depot (HD), Lowe’s (LOW): Home improvement pressures not expected to abate soon
Home improvement retailers Home Depot (NYSE: HD) and Lowe’s Companies, Inc. (NYSE: LOW) have been facing a challenging operating environment for a while now. The companies have been battling macroeconomic
Earnings Summary: AngioDynamics (ANGO) Q2 FY26 sales increase 8.8%
Medical technology company AngioDynamics, Inc. (NASDAQ: ANGO) on Tuesday reported an increase in net sales for the second quarter of fiscal 2026. In Q2, net sales increased 8.8% year-over-year to
Salesforce reported strong fourth-quarter earnings on Wednesday. The company’s revenue surged 14% year-over-year, thanks in part to strong growth in its key business segments. However, the company reported a net loss in the fourth quarter, despite strong revenue growth.
Wayne