Record results for Salesforce

Salesforce has announced results for its fourth quarter and fiscal year, which ended 31 January 2020. 

The company reported total revenue had grown by 29 percent year-on-year to hit $17.1bn, with revenue from subscription and support services reaching $16bn. 

Fourth quarter revenue was $4.85bn, an increase of 35 percent year on year. 

Marc Benioff, Salesforce chairman and CEO, said: “Our Q4 and FY20 results were phenomenal. We are delighted to raise our revenue guidance for FY21 by $200m to $21.1bn at the high end of the range, while expanding our operating margin.”