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11/29/2023, 10:07 PM (Source: TeleTrader)
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Salesforce's Q3 revenue up 11% to $8.72 billion

Salesforce Inc. revealed on Wednesday that, in the third quarter of its fiscal 2024, its revenue amounted to $8.72 billion, 11% more than in the same trimester in the previous fiscal year. In the three months that ended October 31, 2023, diluted net income per share was $1.25, jumping nearly six times from the corresponding three-month span a year earlier. Income from operations more than tripled to $1.5 billion.

Chair and CEO Marc Benioff announced the company again raised its operating margin guidance for the current fiscal year. "We're now the third largest enterprise software company by revenue, the number one AI CRM [artificial intelligence customer relationship management] and the number one enterprise apps company. Most importantly, we're bringing CRM, data, AI and trust together in a single, integrated platform, leading our customers into a new era of incredible productivity and growth," he pointed out.

Company stock soared 7.23% in late trading following the release of the third quarter figures.

Baha Breaking News (BBN) / MS