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3/1, 10:11 PM (Source: TeleTrader)
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Salesforce’s Q4 revenue up 26% to $7.33B

Salesforce.com Inc. posted on Tuesday that its revenue jumped 26% year over year to $7.33 billion in the fourth quarter of fiscal 2022. Diluted net income per share dropped from $0.28 to $0.03 on an annual basis in the three months that ended January 31. Gross profit reached $5.31 billion, while net loss was $28 million.

For the 2022 fiscal year, Salesforce's revenue went up 25% to $26.49 billion. Diluted net income per share dropped to $1.48 from the previous $4.38, while gross profit and net income reached $19,47 billion and $1,45 billion, respectively.

"We had another phenomenal quarter and full-year of financial results," said Marc Benioff, Chair and Co-CEO of Salesforce. "As we continue to see tremendous demand from customers, we're raising our FY23 revenue guidance to $32.1 billion at the high-end of range, with non-GAAP operating margin of 20%, and operating cash flow growth of 22% year-over-year."

Company shares rise 4.06% in late trading after the report's release.

Baha Breaking News (BBN) / JG