CLAIM #17003 · Salesforce.com Inc (CRM) · 2022Q4 earnings call · Mar 1, 2022 · due Jan 31, 2023
“And you can see that in the forecast for the quarter now at over 20% operating margin with the $32.1 billion year.”
Marc Benioff · CEO
How to check this claim
Look at: Non-GAAP operating margin for the fiscal quarter (Q4 FY23) and full fiscal year revenue
It came true if: Quarterly non-GAAP operating margin > 20% and full fiscal year 2023 revenue approximately $32.1 billion (within $0.3 billion)
Where: Company quarterly earnings release / income statement (Q4 FY23 and full-year results)
In context
“e to more than $7.3 billion, up 26% year-over-year. That's pretty awesome for a company of our size that we did a 26% growth quarter at $7.3 billion. I don't think there were too many $7.3 billion quarters at 26% growth in the world this year. And for the full fiscal '22, revenue was $26.5 billion, again, up 25% year-over-year. Again, a $26 billion company growing 30% to 25%. And of course, that's why we're coming in on this $32.1 billion year. So we're continuing to be the fastest-growing top 5 enterprise software company in history. Salesforce is on track to becoming the world's #1 enterprise cloud, software applications company. This operating margin for the quarter was 15%; and for the full year, 18.7%. And we've just continued to deliver this disciplined approach to margin expansion. And you can see that in the forecast for the quarter now at over 20% operating margin with the $32.1 billion year. So with our unique business model, we continue to grow revenue at scale, drive operating margin expansion, leading to strong cash generation, I mean you can see that in all 3 aspects of this quarter. And we closed fiscal year '22 with really incredible cash flow, reaching a milestone of $6 billion in the year, and that's really up 25% year-over-year. That's really amazing, and I would say, far exceeded our goals. I'll tell you that based on our strong fiscal year '22 results, we're excited to raise our fiscal year '23 revenue guidance to $32.1 billion, something I've been excited to talk about at the high end of the range, representing 21% growth year-over-year. Amy, I hope that, that is just the beginning of the [revs-in] for the year. And we are committed to delivering a fiscal year '23”
Verify independently
SEC filings for CRM ↗ · Claim quote is verbatim from the 2022Q4 earnings call.