Salesforce (CRM) Q4 2023 Earnings Report Analysis

– Quarterly revenue was $8.38 billion, up 14% Y/Y and 17% CC

– Quarterly earnings were $1.68 per share, up 100% Y/Y

– Customer growth was not disclosed, but Salesforce added more than 12,000 net new customers in FY23

– Next quarter revenue guidance was $8.39-$8.40 billion, up 18% Y/Y and 21% CC
– Next year revenue guidance was $35.4-$35.5 billion, up 13% Y/Y and 16% CC

– Next quarter earnings guidance was $1.39-$1.40 per share
– Next year earnings guidance was $6.73-$6.75 per share

– Business outlooks were positive, with strong demand for cloud solutions amid digital transformation

– Operating expense increased by 9% Y/Y to $7.76 billion, mainly due to higher headcount and marketing costs

– Share buyback was $2 billion in Q4 and $5 billion in FY23

Source: (1) . https://bing.com/search?q=stock+CRM+Q4+2023+earning+report
(2) Salesforce (CRM) Q4 2023 Earnings Call Transcript. https://www.msn.com/en-us/money/companies/salesforce-crm-q4-2023-earnings-call-transcript/ar-AA187bl4
(3) CRM Earnings: A snapshot of Salesforce’s Q4 2023 financial results. https://news.alphastreet.com/crm-results-a-snapshot-of-salesforces-q4-2023-financial-results/
(4) Salesforce (CRM) Jumps 16% on Q4 Earnings Beat, Strong Q1 View. https://www.zacks.com/stock/news/2060821/salesforce-crm-jumps-16-on-q4-earnings-beat-strong-q1-view 
(5) Salesforce Announces Strong Fourth Quarter and Full Fiscal 2023 Results. https://investor.salesforce.com/press-releases/press-release-details/2023/Salesforce-Announces-Strong-Fourth-Quarter-and-Full-Fiscal-2023-Results/default.aspx 
(6) Salesforce Stock Surges as Software Maker Sees Its Profitability Rising. https://www.wsj.com/articles/salesforce-crm-q4-earnings-report-2023-865894e3
(7) What To Expect From Salesforce Stock In Q4?. https://www.forbes.com/sites/greatspeculations/2023/02/28/what-to-expect-from-salesforce-stock-in-q4/
(8) CRM Earnings: A snapshot of Salesforce’s Q4 2023 financial results. https://news.alphastreet.com/crm-results-a-snapshot-of-salesforces-q4-2023-financial-results/
(9) Rapid Cloud Adoption to Drive Salesforce’s (CRM) Q4 Earnings. https://www.zacks.com/stock/news/2059658/rapid-cloud-adoption-to-drive-salesforces-crm-q4-earnings
(10) CRM: 3 Explosive Growth Stocks to Buy Right Now. https://stocknews.com/news/crm-mck-adt-gs-vug-3-growth-stocks-to-buy-right-now-for-potential-gains/
(11) Salesforce, Inc. (CRM) Q4 2023 Earnings Call Transcript. https://seekingalpha.com/article/4583622-salesforce-inc-crm-q4-2023-earnings-call-transcript