Summary by Moomoo AI
Salesforce, a global leader in CRM technology, reported a robust financial performance for fiscal 2024 with significant year-over-year growth. The company's revenue increased by 11% to $34.9 billion, while income from operations saw a substantial rise to $5.0 billion compared to $1.0 billion in the previous year. Operating margin improved to approximately 14%, up from 3% in the prior year. Diluted earnings per share also saw a dramatic increase to $4.20 from $0.21. Cash provided by operations grew by 44% to $10.2 billion, and the total cash, cash equivalents, and marketable securities stood at $14.2 billion as of January 31, 2024. Salesforce's remaining performance obligation grew by 17% to approximately $56.9 billion, indicating strong future revenue potential. The company repurchased approximately 36 million shares for $7.7 billion under its Share Repurchase Program. Salesforce also...Show More
