Salesforce Announces Strong Q4 and Fiscal 2024 Results
Record Revenue and Earnings Driven by Continued Customer Adoption of AI-Powered CRM Solutions
SAN FRANCISCO--May 29, 2024--Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fourth quarter and fiscal year 2024.
Fourth Quarter Highlights
- Revenue increased 25% year-over-year to $8.39 billion
- Non-GAAP earnings per share increased 36% year-over-year to $1.21
- Subscription and support revenue increased 26% year-over-year to $7.42 billion
- Operating cash flow increased 29% year-over-year to $3.6 billion
Fiscal 2024 Highlights
- Revenue increased 24% year-over-year to $33.7 billion
- Non-GAAP earnings per share increased 35% year-over-year to $4.65
- Subscription and support revenue increased 25% year-over-year to $29.3 billion
- Operating cash flow increased 28% year-over-year to $13.8 billion
Salesforce's strong performance was driven by continued customer adoption of its AI-powered CRM solutions. The company's AI-powered CRM platform, Salesforce Customer 360, helps businesses connect with their customers in a more personalized and efficient way. Salesforce continues to invest heavily in AI and machine learning, and these investments are paying off in the form of increased customer adoption and revenue growth.
Looking ahead, Salesforce is confident in its ability to continue driving growth and innovation. The company is well-positioned to capitalize on the growing demand for AI-powered CRM solutions, and its strong financial performance provides it with the resources to invest in new technologies and capabilities.
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