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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
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