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Jan 31, 2024
Salesforce Q4 2024 Earnings Report
Salesforce reported strong Q4 2024 results, marked by revenue growth and increased profitability.
Key Takeaways
Salesforce announced strong fourth-quarter results for fiscal year 2024, with revenue reaching $9.29 billion, up 11% year-over-year. The company's GAAP operating margin was 17.5%, and non-GAAP operating margin was 31.4%. GAAP diluted EPS was $1.47, and non-GAAP diluted EPS was $2.29. Salesforce also initiated a quarterly dividend of $0.40 per share and increased its share repurchase program authorization by $10 billion.
Revenue reached $9.29 billion, an 11% increase year-over-year.
GAAP operating margin was 17.5%, and non-GAAP operating margin was 31.4%.
GAAP diluted EPS was $1.47, and non-GAAP diluted EPS was $2.29.
The company initiated a quarterly dividend of $0.40 per share and increased share repurchase program authorization by $10 billion.
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 provided guidance for Q1 FY25 and full year FY25, including revenue, operating margin, and EPS estimates.
Positive Outlook
- Full Year FY25 Revenue Guidance of $37.7 Billion to $38.0 Billion, up 8% - 9% Y/Y
- Full Year FY25 Subscription & Support Revenue Growth Guidance of Approximately 10% Y/Y, Slightly Above 10% Y/Y CC
- Full Year FY25 GAAP Operating Margin Guidance of 20.4%
- Full Year FY25 non-GAAP Operating Margin Guidance of 32.5%
- Full Year FY25 Operating Cash Flow Growth Guidance of 21% to 24% Y/Y
Challenges Ahead
- Q1 FY25 Revenue FX impact of ($50M) Y/Y FX
- Full Year FY25 Revenue FX impact of ($100M) Y/Y FX
- Q1 FY25 Current Remaining Performance Obligation FX Impact of ($200M) Y/Y FX
- Guidance assumes no change to the value of the Company's strategic investment portfolio
- GAAP tax rates may fluctuate due to discrete tax items
Revenue & Expenses
Visualization of income flow from segment revenue to net income