Categories Analysis, Technology

CRM Results: Salesforce Q3 earnings beat; revenues rise 14%

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts’ predictions.

Salesforce Q3 2023 earnings infographic

Third-quarter profit, excluding non-recurring items, increased to $1.40 per share from $1.27 per share in the same quarter last year. Experts had forecast a decline. Net income, on an unadjusted basis, came in at $210 million or $0.21 per share, compared to $468 million or $0.47 per share in the corresponding period of 2022.

Revenues advanced 14% year-over-year to $7.84 billion, which also topped analysts’ expectations. All the key operating segments registered growth during the three-month period.

Check this space to read management/analysts’ comments on quarterly results

“We’re grateful to our customers for their commitment, especially as we help them succeed in this challenging environment. There’s never been a more important time for our customers to connect with their customers in a whole new way,” said Marc Benioff, co-CEO of Salesforce.

Prior Performance

  • Salesforce-Q2-2023-Earnings-Infographic
  • Salesforce Q1 2023 Earnings Infographic
  • Salesforce reports Q4 2022 earnings results
  • Salesforce reports Q3 2022 earnings results


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