Record results for Salesforce

Marc Benioff | Salesforce Q3

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.”