SALESFORCE.COM Announces Record-Breaking Second Quarter Earnings for FY2024

September 6, 2023

🌥️Earnings Overview

On July 31, 2023, SALESFORCE.COM ($NYSE:CRM) announced their second quarter earnings results for FY2024, which ended on that day. Total revenue for the quarter amounted to USD 8603.0 million, a 11.4% year-over-year increase. The net income for the same quarter was USD 1267.0 million, significantly higher than the previous year’s figure of USD 68.0 million.

Share Price

CEO Marc Benioff stated that SALESFORCE.COM has seen accelerated growth across all of its cloud solutions and services over the past quarter, and is now firmly established as the global leader in cloud computing. This rise in cash flow has been attributed to higher subscription and service revenue, as well as improved efficiencies across the organization. These strong results demonstrate the power of SALESFORCE.COM’s business model and its leadership in the cloud computing space. With continued innovation and customer focus, the company is well-positioned to achieve long-term success and create value for both investors and customers alike. Live Quote…

About the Company

  • SALESFORCE.COM_Announces_Record-Breaking_Second_Quarter_Earnings_for_FY2024″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for More…

    Total Revenues Net Income Net Margin
    33.07k 1.58k 9.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
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  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for More…

    Operations Investing Financing
    8.4k 40 -8.66k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for More…

    Total Assets Total Liabilities Book Value Per Share
    92.45k 34.37k 59.63
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    19.5% 300.2% 13.0%
    FCF Margin ROE ROA
    22.9% 4.6% 2.9%
  • Income Statement Ratios
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  • Analysis

    GoodWhale’s analysis of SALESFORCE.COM‘s fundamentals reveals a high health score of 8/10 with regards to its cashflows and debt, showing that the company is capable of safely navigating any crisis without the risk of bankruptcy. Furthermore, we have classified the company as a ‘gorilla’, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. In terms of investments, SALESFORCE.COM is strong in growth and profitability, medium in asset and weak in dividends. This makes it an attractive investment for those looking for growth and potential capital appreciation, but less so for those seeking a steady dividend income. It would also appeal to investors who are looking for a well-established company that has a strong competitive edge. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Salesforce Inc is a cloud-based customer relationship management software company. Founded in 1999, Salesforce provides software for customer relationship management, or CRM, to businesses of all sizes. In the CRM software market, Salesforce competes with Microsoft Corp, SAP SE, and Oracle Corp.

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    The company has been in business since 1977 and was founded by Larry Ellison, Bob Miner, and Ed Oates. Oracle is the second-largest software company in the world by revenue, after Microsoft. The company is also the largest provider of enterprise software systems.


    Investors may be pleased with‘s second quarter earnings results for the fiscal year 2024, as total revenue reported was up 11.4% year over year, reaching USD 8603.0 million.’s stock price has grown steadily since the announcement, indicating a positive sentiment from investors. With the continued growth of their cloud-based services, is well-positioned to continue its upward trajectory and deliver value to shareholders.

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