Form 8-K · Current Report · Filed 2024-02-28
Salesforce Announces Fourth Quarter and Fiscal Year 2024 Results and Increases Share Repurchase Program
On February 28, 2024, Salesforce, Inc. reported its financial results for the fiscal fourth quarter and full fiscal year 2024, showing revenue growth and increased profitability. The company also announced a cash dividend of $0.40 per share, payable on April 11, 2024, and increased its share repurchase program by $10 billion. Salesforce's fourth quarter revenue was $9.29 billion, up 11% year-over-year, with a non-GAAP operating margin of 31.4%. The company's full year FY24 revenue was $34.9 billion, up 11% year-over-year, with a non-GAAP operating margin of 30.5%. Salesforce also provided full year FY25 revenue guidance of $37.7 to $38.0 billion, expecting year-over-year growth of 8% to 9%.
- Filer
- Salesforce Inc. CRM · NYSE
- Filed
- Accession
- 0001108524-24-000002
- CIK
- 0001108524
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Other Events
Market reaction
Close before filing
$299.50
Next session
+3.1%
Since filing
-38.6%
Latest close
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What happened, not what will happen — closing prices around the filing date.
Exhibits (1)
About Salesforce Inc.
Salesforce Inc. is a cloud-based software company that specializes in customer relationship management (CRM) solutions. Founded in 1999, Salesforce has revolutionized how businesses engage with their customers through its comprehensive suite of applications designed to improve sales, service, marketing, and commerce interactions. The platform enables organizations to automate processes, streamline operations, and enhance customer satisfactions by providing a single, integrated view of customer data. With functionalities extending to analytics, artificial intelligence, and cloud integration, Salesforce serves a variety of industries including retail, healthcare, finance, and technology. Headquartered in San Francisco, California, the company is renowned for its versatile and scalable solutions that cater to businesses of all sizes, from small startups to large enterprises. As a leading player in the SaaS market, Salesforce has significantly influenced the digital transformation era by empowering companies to leverage cloud computing for improved business agility and customer insights.
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