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
NKE Q2 Earnings Preview: Can Nike maintain the recovery momentum?
Sneaker giant NIKE, Inc. (NYSE: NKE) entered the fiscal year facing heightened competition and shifting consumer preferences. Its upcoming second-quarter results are expected to reflect these evolving industry dynamics and
Earnings Preview: Conagra Brands’ (CAG) sales and earnings projected to decline in Q2 2026
Shares of Conagra Brands, Inc. (NYSE: CAG) rose 1% on Friday. The stock has dropped 7% in the past three months. The branded food company is slated to report its
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
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