3/1, 10:07 PM (Source: TeleTrader)
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Salesforce's Q4 revenue rises 14% to $8.4 billion 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.

Baha Breaking News (BBN) / JG