Salesforce’s Q4 FY23 revenue came in at $8.38B, up 14% year-over-year and beating guidance ($7.93B – $8.03B) and analyst expectations ($7.99B / 9.2% growth). Salesforce’s full year FY23 revenue came in at $31.B, higher than guidance ($30.9B – $31B) and represented 18% growth year-over-year. Salesforce also provided full year FY24 revenue guidance of $34.5B – $34.7B that beat what analysts were expecting, but still showed a slowing growth of around 10%.
During the earnings call, Salesforce, specifically CEO Marc Benioff, made it very clear that improving profitability is Salesforce’s highest priority. The goal is to make Salesforce the largest and most profitable software company in the world.
In this podcast, our Salesforce Practice Leader, Adam Mansfield, discusses what customers should expect from Salesforce during the year ahead and beyond. He also shares how customers should approach Salesforce and how best to leverage Salesforce’s clear goals during their upcoming negotiations.
Follow me, Adam Mansfield, on Twitter @Adam_Mansfield_,find my other UpperEdge blogs and follow UpperEdge on Twitter and LinkedIn.
