CLAIM #17054 · Salesforce.com Inc (CRM) · 2023Q2 earnings call · Aug 24, 2022 · due Jan 31, 2026
“We have the right team, the right products, the right playbook for getting to $50 billion in revenue in fiscal year '26.”
Marc Benioff · Chair and Co-CEO
How to check this claim
Look at: Total annual revenue, fiscal year 2026
It came true if: Fiscal year 2026 revenue >= $50 billion
Where: company income statement / annual report (10-K) or Q4 FY26 earnings release
In context
“anagement, and all of this, we began to start to see in July. Nearly everyone I've talked to is taking a more measured approach to their business. We expect these trends to continue in the near term, and we reflected this in our guidance. Given the significant impact of foreign exchange and buyers being more measured, we're revising our fiscal '23 revenue guidance to $30.9 billion to $31 billion or about 17% growth year-over-year or 20% in constant currency. At the same time, we're maintaining our fiscal year '23 operating margin guide of 20.4%, an expansion of 170 basis points year-over-year. This is further evidence that we remain deeply committed to consistent, disciplined margin, cash flow and revenue growth as part of our long-term plan to drive both top and bottom line performance. We have the right team, the right products, the right playbook for getting to $50 billion in revenue in fiscal year '26. We always get questions about our M&A strategy and what company we're going to acquire next and what we're going to do next from an acquisition cycle. I think we get this question every single earnings call that we do like this. And it's always one of my favorite parts of the call. And I'm excited to tell you we have found a great cloud company, growing revenue for 73 consecutive quarters through every economic cycle. It's got great cash flow, #1 market share, an incredible brand, one of the most admired companies in the world, great values, fantastic community of 17 million Trailblazers, fantastic commitment to its community, runs across 90 countries. And that company is Salesforce. We're thrilled that our Board of Directors has authorized up to $10 billion in our first-ever share repu”
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SEC filings for CRM ↗ · Claim quote is verbatim from the 2023Q2 earnings call.