Salesforce Delivers Strong Fiscal Fourth Quarter and Full Fiscal Year 2024 Results
Salesforce Delivers Strong Fiscal Fourth Quarter and Full Fiscal Year 2024 Results
San Francisco, CA – February 28, 2024 – BUSINESS WIRE
Salesforce (NYSE: CRM), the global leader in customer relationship management (CRM), today announced results for its fiscal fourth quarter and full fiscal year 2024.
Key Highlights
First Quarter Revenue of $9.13 billion, up 11% Year-Over-Year (YY) up 11% in Constant Currency (CC) inclusive of Subscription.
Total second quarter revenue was $8.60 billion, an increase of 11% YY and grew 10% in Constant Currency (CC) inclusive of Subscription.
Full fiscal year 2024 revenue was $34.4 billion, representing an increase of 15% YY and grew 13% in Constant Currency (CC) inclusive of Subscription and Professional Services.
Strong demand across all regions, industries, and products.
Continued momentum in its AI-powered CRM.
Strong growth in its Customer 360 platform.
Expansion of its ecosystem of partners and developers.
Commitment to innovation and customer success.
Positive outlook for fiscal year 2025.
Financial Performance
First Quarter Fiscal 2024
Total revenue was $9.13 billion, an increase of 11% YY up 11% in Constant Currency (CC) inclusive of Subscription.
Subscription and support revenue was $8.22 billion, representing an increase of 10% YY and grew 10% in CC.
Professional services and other revenue was $917 million, representing an increase of 20% YY and grew 18% in CC.
Total remaining performance obligation (RPO) was $64.1 billion, representing an increase of 14% YY.
Net income was $793 million, compared with a net income of $1.49 billion in the same quarter last year.
Diluted earnings per share (EPS) was $0.92, compared with $1.70 in the same quarter last year.
Full Fiscal Year 2024
Total revenue was $34.4 billion, representing an increase of 15% YY and grew 13% in Constant Currency (CC) inclusive of Subscription and Professional Services.
Subscription and support revenue was $30.2 billion, representing an increase of 12% YY and grew 10% in CC.
Professional services and other revenue was $4.2 billion, representing an increase of 26% YY and grew 20% in CC.
Total remaining performance obligation (RPO) was $64.1 billion, representing an increase of 14% YY.
Net income was $5.4 billion, compared with a net income of $6.8 billion in the same quarter last year.
Diluted earnings per share (EPS) was $6.08, compared with $7.61 in the same quarter last year.
