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Salesforce Increases Revenue 27% and Improves Forecasts for Fiscal Year 2022

In addition to announcing the appointment of Bret Taylor as Co-CEO and Vice President of Salesforce, the company has presented the results of the third quarter of its fiscal year 2022, a period characterized by the solid figures of the Customer 360 platform and Slack. In total, the company entered in the period 6,860 million of dollars, a figure that represents a year-on-year increase of 27%.

The income obtained during the three months reported by subscriptions and support of the company has been 6,380 million dollars, 25% more than during the same period last year. Regarding the Professional Services division and other income, it has achieved 480 million dollars, a figure that represents a year-on-year increase of 45%.

Within Subscriptions and support, the area that has had the strongest performance in terms of revenue is the so-called Platform and others, which has grown in revenue 51% year-on-year to $ 1.3 billion. Both Platform 360 and Slack are integrated into it.

Sales grew in revenue 17% to $ 1.5 billion, while Services improved its revenue 20% to $ 1.7 billion. Regarding Marketing & Commerce, it grew in revenue by 25% to 1,000 million dollars. The Data division, which includes MuleSoft and Tableau, grew 20% year-on-year in revenue to $ 900 million.

The company has also offered its forecasts for the current quarter, in which it expects to enter between 7,224 and 7,234 million dollars. As for those that he is considering for next year 2022, he has raised them. Salesforce’s total revenue for its entire fiscal year 2022 is between $ 26.390 and $ 26.4 billion.

Marc Benioff, CEO and President of Salesforce, highlighted that the company has achieved «another phenomenal quarter, driving solid revenue growth, as well as margins and cash flow. Salesforce is more relevant and strategic than ever, as all companies accelerate their digital transformation journey. In the same way that we have helped our customers wade through the pandemic, we are now guiding them to greater growth, customer success, health and safety, and trust. With the great strength of our Customer 360 platform and Slack, we are on track to achieve 50 billion revenue in fiscal 2026«.

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