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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.
Revenue by Segment
Revenue by Geographic Location
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
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
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