Salesforce said fiscal 2024 revenue was $34.9 billion, up 11% year over year, and income from operations was $5.0 billion (compared with $1.0 billion a year earlier), while diluted earnings per share were $4.20 (compared with $0.21 a year earlier).

1. 01

   Salesforce said fiscal 2024 revenue was $34.9 billion, up 11% year over year, and income from operations was $5.0 billion (compared with $1.0 billion a year earlier), while diluted earnings per share were $4.20 (compared with $0.21 a year earlier).

2. 02

   The company said cash provided by operations for fiscal 2024 was $10.2 billion, an increase of 44% year over year, and that total cash, cash equivalents and marketable securities as of January 31, 2024 were $14.2 billion.

3. 03

   Salesforce said it incurred approximately $988 million in restructuring-related costs in fiscal 2024, of which approximately $541 million related to employee transition, severance payments, employee benefits and stock-based compensation, and $447 million related to exit charges for office space reductions.

4. 04

   The company said it repurchased approximately 36 million shares for approximately $7.7 billion in fiscal 2024, and that on February 28, 2024 it announced a quarterly dividend policy and its first cash dividend of $0.40 per share, payable on April 11, 2024.

Key figures

Fiscal year ended January 31, 2024

Revenue

$34.9B

Operating income

$5.0B

Net income

$4.1B

EPS

$4.20

Gross profit

$26.3B

Operating cash flow

$10.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.