Salesforce reported its fourth quarter financial results for the fiscal year 2024, ending in January. Total revenue amounted to $9.287 billion, a notable 11% increase from the same period the previous year. The net profit according to GAAP stood at $1.446 billion. Additionally, Salesforce had unrecognized revenue from contract liabilities (revenue yet to be recorded) which grew by 17% to $5.69 billion.
CEO Marc Benioff stated that throughout the past fiscal year, the company excelled in every performance metric, with record-breaking cash flow and significant profit margin growth. Furthermore, Salesforce announced its first-ever dividend payment of $0.40 per share and increased its share repurchase program by $10 billion.
Revenue from Subscription and Support services saw a 12% increase to $8.748 billion, while revenue from Professional Services and others decreased by 9% to $539 million.
TLDR: Salesforce’s Q4 fiscal year 2024 results show a significant increase in total revenue, net profit, and dividend payouts, highlighting the company’s strong financial performance and strategic initiatives.
Leave a Comment