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Salesforce ends its 2022 fiscal year with record revenue

Three months after the appointment of Bret Taylor as Co-CEO of Salesforcethe company has posted record revenue, both quarterly and annually. In the last three months of your tax year 2022the company has entered 7,330 million dollars, 26% more than in the last quarter of 2021. In addition, it has achieved earnings per share of 0.84 dollars. Total, throughout your fiscal year 2022Salesforce has entered 26.49 billion dollars, 25% more than in 2021.

Subscriptions and Support revenue for the quarter reached $6.83 billion, up 25%. Those of Professional services and others during the quarter were 500 million, 46% more. As for the Subscriptions and Support areas, the behavior of the so-called Platform and others, which includes Platform 360 and Slack, has grown in revenue by 53% year-on-year to 1,350 million dollars.

The Data area grew 23% to 1,136 million dollars, and it is the first time that it exceeds 1,000 million revenues in a quarter. Subscription and Support Data revenue includes Mulesoft, Tableau, and Tableau CRM, although the area does not cover all of Mulesoft and Tableau revenue, as they include both professional services and subscription and support revenue.

The Sales area grew in income by 17% to 1,586 million dollars, and the Services area by 18% to 1,710 million dollars, As for Marketing and Commerce, its income rose 20% year-on-year, to 1,046 million of dollars. In view of these figures, Salesforce’s forecast for the current quarter, the first of its fiscal year 2023, has improved slightly, from 7,370 to 7,380 million dollars.

Brett Taylorwhich as we have mentioned is since the beginning of December last one of the Salesforce CEOshas highlighted that «With our clients’ success driving our financial success, we are delivering profitable growth at scale, and controlled, quarter after quarter. Our Customer 360 platform has never been more strategic or relevant in driving the growth and resilience of our customers around the world.«.

Salesforce’s other CEO, Marc Benioffhas also underlined that they have had «another phenomenal quarter and full year in financial results«. Benioff has also pointed to the improvement of its forecasts in revenue for the full fiscal year 2023 to 32.1 billion dollars, «with an operating margin of 20% and a year-over-year growth in operating cash flow of 22%«.

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