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 ...

Key TakeawaysSalesforce's fourth-quarter fiscal 2024 earnings beat analysts' estimates.The company's net income came in at $1.45 billion, or $1.47 per share, as revenue rose nearly 11% to $9.29 billion.Shares tumbled more than 4% in after-hours trading as the company said it expects revenue in the fiscal first quarter of between $9.12 billion and $9.17 billion.Salesforce (CRM) swung to a profit in the fourth quarter of its fiscal year 2024, exceeding analysts' estimates for revenue and earnings. Shares in t ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Insights - Salesforce shares fell 6% in after-hours trading following a weaker revenue forecast for the upcoming fiscal year, despite reporting better-than-expected earnings and revenue for the last quarter [1][2] - The company announced it will initiate a dividend of 40 cents per share [1] Financial Performance - Adjusted earnings per share for the last quarter were $2.29, surpassing the expected $2.26 [1] - Revenue for the quarter reached $9.29 billion, slightly above the anticipated $9.22 billion [1] - Year-over-year revenue growth was reported at 10.8%, with net income of $1.45 billion compared to a loss of $98 million in the previous year [1] Future Guidance - For the fiscal first quarter, Salesforce projects adjusted earnings of $2.37 to $2.39 per share and revenue between $9.12 billion and $9.17 billion, exceeding analyst expectations of $2.20 per share and $9.15 billion in revenue [2] - For the 2025 fiscal year, the company anticipates adjusted earnings of $9.68 to $9.76 per share and revenue between $37.7 billion and $38.0 billion, indicating an 8.6% growth at the midpoint, though below analyst expectations of $9.57 per share and $38.62 billion in revenue [2] Market Performance - Excluding the after-hours decline, Salesforce shares have increased approximately 14% year-to-date, outperforming the S&P 500 index, which has gained 6% in the same period [2]

Salesforce CEO Marc Benioff has spent millions of dollars quietly buying up roughly 600 acres of green landscapes in Waimea, Hawaii.Since the year 2000, a bigtime tech billionaire purchased at least 38 parcels of land in the small agricultural town on Hawaii’s Big Island, which boasts a population of less than 10,000. Inventory is already low in Waimea, so news of the real-estate purchases worried residents — many of which are Native Hawaiian — about rising housing costs and the loss of the tightknit commun ...