Sector: Technology|Industry: Software - Application|Market Cap: $345.84B|Employees: 72.7K
Salesforce, Inc. is a global leader in customer relationship management (CRM) technology, enabling companies of all sizes and industries to connect with customers through data, AI, CRM, and trust. Its AI-powered Customer 360 platform unites sales, service, marketing, commerce, and IT teams, providing a single source of customer truth for improved responsiveness and efficiency. Salesforce's competitive advantages include its trusted platform, AI capabilities, and strong partner ecosystem, with a global presence and key markets worldwide.
While the provided 10-K filing does not contain specific numerical data on revenue growth, the document highlights that Salesforce exceeded expectations in revenue growth for fiscal year 2024. This is supported by the positive overall sentiment regarding financial performance and the significant increase in income from operations and earnings per share.
Salesforce's operating margin increased to approximately 14% for fiscal year 2024, a significant improvement from the prior year. This demonstrates improved operational efficiency and cost management.
Cash provided by operations increased by 44% year-over-year to $10.2 billion in fiscal year 2024. This indicates strong cash flow generation and financial health.