Salesforce's Q4 revenue rises 14% to $8.4 billion
Salesforce.com Inc. announced on Wednesday that its revenue jumped 14% year over year to $8.38. billion in the fourth quarter of fiscal 2023, above the $7.99 billion expected by analysts. The company's revenues for the year rose 18% to $31.4 billion.
The company reported a net loss of $98 million for the three months that ended January 31, compared to $28 million a year earlier. On the other hand, for the fiscal year, the net loss amounted to $208 million. The fourth quarter GAAP diluted loss per share was $0.10, while fiscal 2023 GAAP diluted EPS stood at $0.21.
"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, Chair and CEO of Salesforce.