Earnings Review - Salesforce for Q4 & FY22 (01Mar2022)
Salesforce $CRM released their earnings last night and was well received by the market. Salesforce's press release details can be found in the link below: https://investor.salesforce.com/press-releases/press-release-details/2022/Salesforce-Announces-Record-Fourth-Quarter-and-Full-Year-Fiscal-2022-Results/default.aspx Highlights extracted from their new release (areas of concerns are highlighted in red ) : Raises FY23 Revenue Guidance to $32.1 Billion Fourth Quarter Revenue of $7.33 Billion, up 26% Year-Over-Year, 27% in Constant Currency FY22 Revenue of $26.49 Billion, up 25% Year-Over-Year, 24% in Constant Currency Current Remaining Performance Obligation of Approximately $22.0 Billion, up 22% Year-Over-Year, 24% in Constant Currency Operating Margin: Fourth quarter GAAP operating margin was (2.4)% . Fourth quarter non-GAAP operating margin was 15.0% FY22 GAAP Operating Margin of 2.1%, and Non-GAAP Operating Margin of 18.7% Earnings per Share: Fourth quarter GAAP diluted lo...