Last10K.com

Salesforce.Com, Inc. (CRM) SEC Filing 10-K Annual report for the fiscal year ending Friday, January 31, 2020

SEC Filings

Salesforce Com Inc

CIK: 1108524 Ticker: CRM

Evan Goldstein
Salesforce
Investor Relations
415-819-2987
evan.goldstein@salesforce.com

Stephanie Barnes
Salesforce
Public Relations
415-722-0883
stephanie.barnes@salesforce.com


Salesforce Announces Record Fourth Quarter and Full Year Fiscal 2020 Results
Raises FY21 Revenue Guidance to $21.0 Billion to $21.1 Billion

Fourth Quarter Revenue of $4.85 Billion, up 35% Year-Over-Year, 34% in Constant Currency
FY20 Revenue of $17.1 Billion, up 29% Year-Over-Year, 29% in Constant Currency
Fourth Quarter Operating Cash Flow of $1.63 Billion, up 23% Year-Over-Year
Current Remaining Performance Obligation of Approximately $15.0 Billion, up 26% Year-Over-Year, 27% in Constant Currency
Remaining Performance Obligation of Approximately $30.8 Billion, up 20% Year-Over-Year
Raises Q1 FY21 Revenue Guidance to $4.875 Billion to $4.885 Billion, up Approximately 30% to 31% Year-Over-Year

SAN FRANCISCO, Calif. - Feb. 25, 2020 -
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fourth quarter and fiscal year ended January 31, 2020.

“Our Q4 and FY20 results were phenomenal. We are delighted to raise our revenue guidance for FY21 by $200 million to $21.1 billion at the high end of the range, while expanding our operating margin." said Marc Benioff, Salesforce Chairman and CEO. "Nothing is more important to us than the trust and customer success we have with each one of our customers. Salesforce’s Customer 360 platform uniquely brings companies and customers together.”

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

Revenue:
Total fourth quarter revenue was $4.85 billion, an increase of 35% year-over-year, and 34% in constant currency. Subscription and support revenues for the quarter were $4.56 billion, an increase of 35% year-over-year. Professional services and other revenues for the quarter were $288 million, an increase of 26% year-over-year.

Total Fiscal 2020 revenue was $17.1 billion, up 29% year-over-year, and 29% in constant currency. Subscription and support revenues for the year were $16.0 billion, an increase of 29% year-over-year. Professional services and other revenues for the year were $1.1 billion, an increase of 21% year-over-year.

Earnings per Share:
Fourth quarter GAAP loss per share was $(0.28), and non-GAAP diluted earnings per share was $0.66. Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefited GAAP loss per share by $0.03 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.03 based on a non-GAAP tax rate of 22.5%.

Fiscal 2020 GAAP earnings per share was $0.15, and non-GAAP diluted earnings per share was $2.99. Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefited GAAP earnings per share by $0.38 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.39 based on a non-GAAP tax rate of 22.5%.




The following information was filed by Salesforce Com Inc (CRM) on Tuesday, February 25, 2020 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.

View differences made from one year to another to evaluate Salesforce Com Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Salesforce Com Inc.

Continue

Assess how Salesforce Com Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Salesforce Com Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Legal
Other
Filter Subcategory:
All
Shares
Product
Earnings
Expense
Geography
Income
Debt
Cash Flow
Other
Inside Salesforce Com Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Operations (Parenthetical)
Condensed Consolidated Statements Of Stockholders??? Equity
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Comprehensive Income
Business Combinations
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)
Compensation Related Costs, General
Debt
Debt (Tables)
Debt - Carrying Value Of Borrowings (Details)
Debt - Future Principal Payments (Details)
Debt - Narrative (Details)
Debt - Schedule Of Interest Expense (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 (Details)
Earnings Per Share - Shares Excluded From Diluted Earnings Or Loss Per Share (Details)
Employee Benefit Plans (Details)
Fair Value Measurement
Fair Value Measurement (Detail)
Fair Value Measurement (Tables)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes - Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Components Of Income (Loss) Before Provisions (Benefit) For Income Taxes (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Provisions For (Benefit From) (Details)
Income Taxes - Unrecognized Tax Benefits (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 (Intangible Assets Acquired From Business Combinations) (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)
Lease And Other Commitments - Future Minimum Lease Payments (Details)
Leases And Other Commitments
Leases And Other Commitments (Tables)
Leases And Other Commitments - Additional Information (Details)
Leases And Other Commitments - Balance Sheet And Other Information Related To Leases (Details)
Leases And Other Commitments - Components Of Lease Expense And Supplemental Cash Flow Information (Details)
Leases And Other Commitments - Maturities Of Lease Liabilities (Details)
Legal Proceedings And Claims
Legal Proceedings And Claims (Details)
Property And Equipment And Other Balance Sheet Accounts
Property, Plant, And Equipment (Details)
Property, Plant, 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)
Revenues - Remaining Performance Obligation (Details)
Selected Quarterly Financial Information (Unaudited)
Selected Quarterly Financial Information (Unaudited) (Details)
Selected Quarterly Financial Information (Unaudited) (Tables)
Stockholder's Equity - Aggregate Stock Compensation (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Common Stock (Details)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Schedule Of Restricted Stock Activity (Detail)
Stockholders' Equity - Stock Options Outstanding (Detail)
Stockholders' Equity - Valuation Assumptions (Details)
Subsequent Events
Subsequent Events (Details)
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 - Narrative (Detail)
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: 0001108524-20-000014
Submitted to the SEC: Thu Mar 05 2020 4:29:57 PM EST
Accepted by the SEC: Thu Mar 05 2020
Period: Friday, January 31, 2020
Industry: Prepackaged Software

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/crm/0001108524-20-000014.htm