Strong set of results for Salesforce

Salesforce has announced results for its fiscal fourth quarter and full year fiscal 2021 ended 31 January 2021.

Total Q4 revenue was $5.82bn, an increase of 20 percent year on year. Subscription and support revenues for the quarter were $5.48bn, up 20 percent year on year. Q4 GAAP operating margin was 3.3 percent, while non-GAAP operating margin stood at 17.5 percent.

Total fiscal 2021 revenue was $21.25bn, up 24 percent year on year, while subscription and support revenues for the year were up 25 percent to $19.98bn. Fiscal 2021 GAAP operating margin was 2.1 percent and non-GAAP operating margin was 17.7 percent.

Marc Benioff, chair and CEO of Salesforce, said: “We never could have predicted a year ago what was in store, which makes me incredibly proud of how well we pivoted our company to adapt to this pandemic world. We had a record quarter and year by innovating more and faster than ever, enabling our customers to be successful from anywhere, and becoming more relevant and strategic than ever.”