Loading...
•
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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...