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.
Stocks you may like:
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although