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Salesforce, Inc.’s customer relationship management platform. (NYSE: CRM ) on Wednesday reported a rise in fourth-quarter earnings, helped by strong revenue growth.
Fourth-quarter profit, excluding non-recurring items, rose to $1.68 per share from $0.84 per share in the same quarter last year. On an unadjusted basis, the company reported a net loss of $98 million or $0.10 per share for the three months, compared to a loss of $28 million or $0.03 per share in the corresponding period in 2022.
Revenue advanced 14% year over year to $8.38 billion. All major operating segments recorded growth in the last three months of fiscal 2023.
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“We closed FY23 with operating cash flow of $7.1 billion, up 19% year-over-year, the highest cash flow in our company’s history, and one of the highest cash flows in an enterprise software company of our size,” said Marc Benioff. , co-CEO of Salesforce.
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