Summary by Moomoo AI
On February 28, 2024, Salesforce, Inc. released its financial results for the fiscal quarter and year ending January 31, 2024. The company reported a fourth-quarter revenue of $9.29 billion, marking an 11% year-over-year increase, and a fiscal year revenue of $34.9 billion, also up 11% from the previous year. The GAAP operating margin for the fiscal year was 14.4%, with a non-GAAP operating margin of 30.5%. Operating cash flow for the year showed a significant increase of 44% year-over-year, totaling $10.2 billion. Additionally, Salesforce announced a quarterly cash dividend of $0.40 per share, payable on April 11, 2024, to stockholders of record as of March 14, 2024. The company also revealed an increase of $10.0 billion in the authorization for its Share Repurchase Program, with approximately $8.0 billion remaining available for repurchase as of January 31, 2024. Looking forward, Salesforce has initiated full-year FY25 revenue guidance of $37.7 billion to $38.0 billion, representing an 8-9% year-over-year increase, and a GAAP operating margin guidance of 20.4% with a non-GAAP operating margin guidance of 32.5%. The company expects operating cash flow growth of 21% to 24% year-over-year for FY25.
