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Salesforce Com Inc (CRM) SEC Filing 10-K Annual report for the fiscal year ending Thursday, January 31, 2019

SEC Filings

Salesforce Com Inc

CIK: 1108524 Ticker: CRM
Exhibit 99.1

John Cummings
Salesforce
Investor Relations
415-778-4188
jcummings@salesforce.com

Gina Sheibley
Salesforce
Public Relations
917-297-8988
gsheibley@salesforce.com


Salesforce Announces Record Fourth Quarter and Full Year Fiscal 2019 Results

Fourth Quarter Revenue of $3.60 Billion, up 26% Year-Over-Year, 27% in Constant Currency
Full Year Revenue of $13.28 Billion, up 26% Year-Over-Year, 26% in Constant Currency
Unearned Revenue of $8.56 Billion, up 22% Year-Over-Year, 24% in Constant Currency
Remaining Performance Obligation of Approximately $25.7 Billion, up 25% Year-Over-Year
Fourth Quarter Operating Cash Flow of $1.33 Billion, up 27% Year-Over-Year
Full Year Operating Cash Flow of $3.40 Billion, up 24% Year-Over-Year

SAN FRANCISCO, Calif. - Mar. 4, 2019 - Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal fourth quarter and full fiscal year ended January 31, 2019.

"We had another year of outstanding revenue growth, surpassing $13 billion in revenue faster than any other enterprise software company in history," said Marc Benioff, chairman and co-CEO, Salesforce. "As companies of all sizes turn to Salesforce, we're enabling them to put the customer at the center of their digital transformation through our intelligent Customer 360 platform. I've never been more excited about the opportunity ahead."

“Our relentless focus on delivering innovation and customer success has fueled our growth and solidified our leadership in the enterprise,” said Keith Block, co-CEO, Salesforce. “This is just the beginning, which is why we're now targeting $26 to $28 billion in revenue by FY23 – organically doubling our revenue again in the next four years.”

Salesforce delivered the following results for its fiscal fourth quarter and full fiscal year 2019:

Revenue: Total fourth quarter revenue was $3.60 billion, an increase of 26% year-over-year, and 27% in constant currency. Subscription and support revenues were $3.38 billion, an increase of 26% year-over-year. Professional services and other revenues were $228 million, an increase of 16% year-over-year.

Full fiscal year 2019 revenue was $13.28 billion, an increase of 26% year-over-year, and 26% in constant currency. Subscription and support revenues were $12.41 billion, an increase of 27% year-over-year. Professional services and other revenues were $869 million, an increase of 12% year-over-year.

Earnings per Share: Fourth quarter GAAP diluted earnings per share was $0.46, and non-GAAP diluted earnings per share was $0.70. GAAP diluted earnings per share benefited by $0.17 related to the net benefit of tax adjustments. Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefited GAAP diluted earnings per share by $0.12 based on the US tax rate of 25% and non-GAAP diluted earnings per share by $0.12 based on our non-GAAP tax rate of 21.5%.

For fiscal year 2019, GAAP diluted earnings per share was $1.43, and non-GAAP diluted earnings per share was $2.75. Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefited GAAP diluted earnings per share by $0.52 based on the US tax rate of 25% and non-GAAP diluted earnings per share by $0.55 based on our non-GAAP tax rate of 21.5%.





The following information was filed by Salesforce Com Inc (CRM) on Monday, March 4, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Salesforce Com Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts (Details)
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Operations (Parenthetical)
Condensed Consolidated Statements Of Stockholders??? Equity
Assets Acquired Through Business Combinations And Goodwill (Intangible Assets Acquired From Business Combinations) (Details)
Business Combinations
Business Combinations (Cloudcraze Narrative) (Details)
Business Combinations (Consideration Transferred) (Details)
Business Combinations (Estimated Fair Values Of Assets Acquired And Liabilities Assumed) (Details)
Business Combinations (Intangible Assets Acquired) (Details)
Business Combinations (Narrative) (Details)
Business Combinations (Pro Forma Information) (Details)
Business Combinations (Tables)
Commitments
Commitments (Tables)
Commitments - Additional Information (Detail)
Commitments - Schedule Of Future Minimum Lease Payments Under Non-Cancelable Operating And Capital Leases (Detail)
Debt
Debt (Tables)
Debt - Carrying Value Of Borrowings (Details)
Debt - Convertible Senior Notes (Detail)
Debt - Future Principal Payments (Details)
Debt - Loan Assumed On 50 Fremont (Details)
Debt - Revolving Credit Facility (Details)
Debt - Schedule Of Interest Expense (Detail)
Debt - Senior Notes (Details)
Debt - Term Loans (Detail)
Debt - Warrants (Detail)
Derivatives
Derivatives (Tables)
Derivatives - Effect Of Derivative Instruments Not Designated As Hedging Instruments On Condensed Consolidated Statements Of Operations (Detail)
Derivatives - Fair Value Of Outstanding Derivative Instruments (Detail)
Derivatives - Schedule Of Outstanding Foreign Currency Derivative Contracts Related Primarily To Intercompany Receivables And Payables (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Reconciliation Of Denominator Used In Calculation Of Basic And Diluted Loss Per Share (Detail)
Earnings Per Share - Shares Excluded From Diluted Earnings Or Loss Per Share (Detail)
Employee Benefit Plan
Employee Benefit Plans (Details)
Fair Value Measurement
Fair Value Measurement (Detail)
Fair Value Measurement (Tables)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Domestic And Foreign Components Of Income (Loss) Before Provision (Benefit) For Income Taxes (Details)
Income Taxes - Reconciliation Of Statutory Federal Income Tax Rate (Details)
Income Taxes - Schedule Of Income Taxes Provision (Benefit) (Details)
Income Taxes - Schedule Of Unrecognized Tax Benefits (Details)
Income Taxes - Significant Components Of Deferred Tax Assets And Liabilities (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill
Intangible Assets Acquired Through Business Combinations And Goodwill (Expected Future Amortization Expense For Purchased Intangible Assets) (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill (Goodwill) (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill (Tables)
Investments
Investments (Tables)
Investments - Schedule Of Components Of Investment Income (Detail)
Investments - Schedule Of Marketable Securities (Detail)
Investments - Schedule Of Marketable Securities In Unrealized Loss Position (Detail)
Investments - Schedule Of Short-Term And Long-Term Marketable Securities (Detail)
Investments - Schedule Of Strategic Investments (Detail)
Legal Proceedings And Claims
Legal Proceedings And Claims (Details)
Property And Equipment
Property And Equipment (Detail)
Property And Equipment (Tables)
Related-Party Transactions
Related-Party Transactions (Details)
Revenues
Revenues (Tables)
Revenues - Contract Balances, Unearned Revenue And Remaining Performance Obligation (Details)
Revenues - Disaggregation Of Revenue (Detail)
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited) (Details)
Selected Quarterly Financial Data (Unaudited) (Tables)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Fair Value Assumptions (Detail)
Stockholders' Equity - Schedule Of Restricted Stock Activity (Detail)
Stockholders' Equity - Shares Of Common Stock Available For Future Issuance Under Stock Option Plans (Detail)
Stockholders' Equity - Stock Activity (Detail)
Stockholders' Equity - Stock Options Outstanding (Detail)
Summary Of Business And Significant Accounting Policies
Summary Of Business And Significant Accounting Policies (Policies)
Summary Of Business And Significant Accounting Policies (Tables)
Summary Of Business And Significant Accounting Policies - Additional Information (Detail)
Summary Of Business And Significant Accounting Policies - Adoption Of Asu 2014-09 (Details)
Summary Of Business And Significant Accounting Policies - Schedule Of Property And Equipment Estimated Useful Lives (Detail)
Ticker: CRM
CIK: 1108524
Form Type: 10-K Annual Report
Accession Number: 0001108524-19-000009
Submitted to the SEC: Fri Mar 08 2019 3:04:49 AM EST
Accepted by the SEC: Fri Mar 08 2019
Period: Thursday, January 31, 2019
Industry: Prepackaged Software

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