Salesforce, the global leader in CRM, announced results for its fourth quarter and full year fiscal 2022 ended January 31, 2022.
“As we continue to see tremendous demand from customers, we’re raising our FY23 revenue guidance to $32.1 billion at the high-end of range, with non-GAAP operating margin of 20 percent, and operating cash flow growth of 22 percent year-over-year,” said Marc Benioff, Chair and Co-CEO of Salesforce, in a news statement.
Salesforce’s fourth quarter revenue rose 26 percent to $7.33 billion. Subscription and support revenues grew 25 percent for the quarter to $6.83 billion. Professional services and other revenues increased 46 percent to $0.50 billion.
Salesforce’s fiscal 2022 revenue increased 25 percent to $26.49 billion. Subscription and support revenues rose 23 percent to $24.66 billion. Professional services and other revenues grew 44 percent to $1.84 billion.
Fourth quarter operating margin was (2.4) percent, while fiscal 2022 operating margin was 2.1 percent.
Salesforce has raised first quarter FY23 revenue guidance to $7.37 billion to $7.38 billion, expecting a growth of 24 percent. Salesforce has also raised FY23 operating margin guidance to approximately 3.6 percent.