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11/30/2021, 10:08 PM (Source: TeleTrader)
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Salesforce: Q3 revenue $6.86B, up 27% YoY

Salesforce.com Inc. announced on Tuesday that its revenue jumped 27% year over year to $6.86 billion in the third quarter of fiscal 2022.

Diluted net income per share dropped 59% on an annual basis to $0.47 in the three months that ended October 31, 2021. Gross profit reached $5.02 billion after soaring 27% from the same quarter a year ago, while net income plummeted 57% to $468 million.

"Salesforce is more relevant and strategic than ever as every company accelerates their digital transformation journey... With the tremendous strength of our Customer 360 platform and Slack, we're on track to reach $50 billion revenue in FY26 [fiscal year 2026]," Chair and CEO Marc Benioff noted.

Company shares decreased 5.58% in late trading after the release of the report.

Baha Breaking the News (BBN) / MS