Following an overall mixed reception of its latest earnings report following the midweek session, Salesforce (NYSE:CRM) saw its shares rise moderately on Thursday. Buoying sentiment was the company’s announcement of its first-ever dividend. The move might be a necessary one as its top-line expansion decelerates.After Wednesday’s closing bell, Salesforce — a cloud-based specialist focusing on customer relationship management software — stated that during its fiscal fourth quarter (ended Jan. 31), the company ...

Snowflake Inc (NYSE:SNOW) and Salesforce Inc (NYSE:CRM) are moving in vastly different directions today, after the cloud computing companies both reported quarterly results. SNOW Falls After Ice-Cold Forecast, C-Suite ChangeShares of cloud data storage name Snowflake are 19.4% lower at last glance, last seen trading at $185.44. Not only did the company's first-quarter outlook disappoint, CEO Frank Slootman, who took the company public in 2020, is also retiring. In response, SNOW drew a slew of bear notes, i ...

Key PointsSalesforce.com had a strong quarter, with margin improvement driving robust cash flows. The company initiated a dividend that is expected to grow over time. Analysts are raising their price targets and driving the market higher. 5 stocks we like better than SalesforceSalesforce.com’s NYSE: CRM stock price is having trouble with traction following the Q4 results and guidance, but a massive correction is not expected for this tech stock. The results did not catalyze a rally but are good news for inv ...

Salesforce (CRM) ended fiscal 2024 on a strong note, with reporting better-than-expected fourth-quarter results. However, shares of this enterprise software maker declined 1.6% during Wednesday’s extended trading session on weak sales guidance for fiscal 2025. This signals a possible slowdown in cloud and tech spending amid high interest rates and a rising inflation environment.Before delving deeper into guidance, let’s discuss fourth-quarter results.The enterprise cloud computing solution provider’s fourth ...

Key TakeawaysSalesforces shares moved lower in premarket trading Thursday after the cloud software maker issued current-quarter and full-year guidance that fell short of Wall Street's expectations.Salesforce CFO Amy Weaver said that the company's guidance accounts for foreign exchange pressures and continued weakness in professional services.The company announced a dividend of 40 cents per share and increased its share repurchase program by $10 billion.Salesforce shares may find resistance near the stock's ...

Financial Performance - Total revenue for FY24 reached $34.9 billion, showing an 11% year-over-year increase[13] - The company's operating margin for FY24 was 14.4%, a significant increase of 1,110 basis points year-over-year[13] - Diluted earnings per share for FY24 were $4.20, representing a substantial 1,900% increase year-over-year[13] - Operating cash flow for FY24 was $10.2 billion, up 44% year-over-year[13] - Free cash flow for FY24 was $9.5 billion, a 50% increase year-over-year[13] - For Q4 FY24, total revenue was $9.287 billion, an 11% increase year-over-year[24] - Q4 FY24 operating margin was 17.5%, up 1,320 basis points year-over-year[24] - Q4 FY24 diluted earnings per share were $1.47, a 1570% increase year-over-year[24] Future Outlook (FY25 Guidance) - The company projects total revenue between $37.7 billion and $38.0 billion, representing approximately 9% year-over-year growth[25] - The company anticipates GAAP operating margin of approximately 20.4% and non-GAAP operating margin of approximately 32.5%[25]

Financial Data and Key Metrics Changes - The company reported Q4 revenue of $9.29 billion, an increase of 11% year-over-year and 10% in constant currency [11][56] - For the full fiscal year 2024, total revenue reached $34.9 billion, also up 11% year-over-year [13][56] - Non-GAAP operating margin for fiscal 2024 was 30.5%, up 800 basis points year-over-year [14][57] - Operating cash flow for Q4 was $3.4 billion, up 22% year-over-year, while full-year operating cash flow reached a record $10.2 billion, up 44% year-over-year [57][58] - Current remaining performance obligation (CRPO) ended at $27.6 billion, up 12% year-over-year [14][59] Business Line Data and Key Metrics Changes - The company saw significant growth in deals greater than $10 million, which grew nearly 80% year-over-year in fiscal year 2024 [12][46] - The Data Cloud product is approaching $400 million in annual recurring revenue (ARR), growing at nearly 90% year-over-year [48] - The company closed 86,000 multi-cloud deals in fiscal year 2024, indicating strong multicloud momentum [46] Market Data and Key Metrics Changes - In Q4, revenue from the Americas grew 9%, EMEA grew 14%, and APAC grew 14% or 19% in constant currency [56] - Strong new business growth was noted in Latin America, India, and Canada, while parts of EMEA remained constrained [56] Company Strategy and Development Direction - The company is focused on operational excellence, high performance, and new growth initiatives, which have laid the foundation for success [45] - The introduction of the first-ever dividend reflects the company's confidence in its future and ability to drive long-term cash flow [10][64] - The company aims to enhance its capital return strategy with a $10 billion increase to its share repurchase plan, bringing the total authorization to $30 billion [64] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the future, emphasizing the transformation driven by artificial intelligence and the evolution of the technology platform [18][44] - The company expects free cash flow to grow between 23% to 26% for fiscal year 2025, with revenue guidance set at $38 billion at the high end [15][62] - Management acknowledged the measured buying environment impacting revenue but noted improved bookings growth in recent quarters [60] Other Important Information - The company ingested over 7 trillion records into the Data Cloud in the last quarter, highlighting the product's rapid adoption [33] - The company has launched Einstein Copilot, a conversational AI assistant for enterprises, which is expected to enhance productivity and customer engagement [37][42] Q&A Session Summary Question: What are the expectations for revenue growth in fiscal year 2025? - The company expects revenue growth of 8% to 9% year-over-year, with subscription and support revenue growth slightly above 10% in constant currency [59][62] Question: How is the company addressing the current buying environment? - Management noted that they continue to execute well in the measured buying environment and have seen improved bookings growth over the past two quarters [60] Question: What is the significance of the new dividend announcement? - The introduction of the first-ever dividend is a reflection of the company's confidence in its future and its ability to drive long-term cash flow [10][64]

After Salesforce (CRM) reported fourth-quarter results for the 2024 fiscal year, company executives discussed the company's position to provide data to train enterprise artificial intelligence (AI) models, data cloud growth amid AI demand, how AI is yet to boost the company's bottom line, and its first dividend. Salesforce Filling the Data Gap for Entreprise Customers Salesforce chief executive officer (CEO) Marc Benioff said that the company's enterprise customers can "automatically integrate into [Sale ...

Salesforce.com (CRM) reported $9.29 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 10.8%. EPS of $2.29 for the same period compares to $1.68 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $9.21 billion, representing a surprise of +0.81%. The company delivered an EPS surprise of +1.33%, with the consensus EPS estimate being $2.26.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Salesforce.com (CRM) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.33%. A quarter ago, it was expected that this customer-management software developer would post earnings of $2.06 per share when it actually produced earnings of $2.11, delivering a surprise of 2.43%.Over the last ...