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Jan 31, 2023
Salesforce Q4 2023 Earnings Report
Salesforce's Q4 2023 results were announced, revealing a strong quarter with revenue up 14% year-over-year and non-GAAP EPS of $1.68.
Key Takeaways
Salesforce announced strong Q4 and full fiscal year 2023 results. Q4 revenue was $8.38 billion, up 14% year-over-year. The company's GAAP loss per share was $(0.10), while non-GAAP EPS was $1.68. Salesforce provided FY24 revenue guidance of $34.5 to $34.7 billion.
Q4 revenue reached $8.38 billion, a 14% increase year-over-year.
GAAP diluted loss per share was $(0.10), while non-GAAP diluted EPS was $1.68.
Current remaining performance obligation was $24.6 billion, up 12% year-over-year.
The company returned $2.3 billion to shareholders through share repurchases in Q4.
Salesforce
Salesforce
Salesforce Revenue by Segment
Salesforce Revenue by Geographic Location
Revenue by Segment
Sales Revenue
CapyFin.comService Revenue
CapyFin.comPlatform and Other Revenue
CapyFin.comMarketing and Commerce Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Salesforce is initiating its first quarter GAAP and non-GAAP EPS guidance, current remaining performance obligation growth guidance, and revenue guidance. The Company is initiating its full year FY24 revenue guidance, GAAP and non-GAAP EPS guidance, GAAP and non-GAAP operating margin guidance, and operating cash flow guidance.
Positive Outlook
- Full Year FY24 Revenue Guidance of $34.5 Billion to $34.7 Billion, up ~10% Y/Y
- Full Year FY24 GAAP Operating Margin Guidance of ~10.8%
- Full Year FY24 Non-GAAP Operating Margin Guidance of ~27.0%
- Full Year FY24 Operating Cash Flow Guidance of ~15 - 16% growth Y/Y
- Q1 FY24 Non-GAAP Earnings per Share Guidance $1.60 - $1.61
Challenges Ahead
- Our guidance assumes no change to the value of the Company's strategic investment portfolio as it is not possible to forecast future gains and losses.
- The GAAP tax rates may fluctuate due to future acquisitions or other transactions.
- Operating Cash Flow Growth guidance includes an estimated 14% headwind associated with charges from restructuring.
- The impact of future gains or losses from the company’s strategic investment portfolio could be material.
- The Company's projected GAAP and Non-GAAP diluted earnings per share assumes no change to the value of our strategic investment portfolio as it is not possible to forecast future gains and losses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income