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Salesforce.Com, Inc. (CRM) SEC Filing 10-K Annual report for the fiscal year ending Sunday, January 31, 2021

SEC Filings

Salesforce Com Inc

CIK: 1108524 Ticker: CRM
Exhibit 99.1
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 Strong Fourth Quarter and Full Year Fiscal 2021 Results
Raises FY22 Revenue Guidance to $25.65 Billion to $25.75 Billion

Fourth Quarter Revenue of $5.82 Billion, up 20% Year-Over-Year, 19% in Constant Currency
FY21 Revenue of $21.25 Billion, up 24% Year-Over-Year, 24% in Constant Currency
Current Remaining Performance Obligation of Approximately $18.0 Billion, up 20% Year-Over-Year, 18% in Constant Currency
FY21 GAAP Operating Margin of 2.1% and Non-GAAP Operating Margin of 17.7%
Raises First Quarter FY22 Revenue Guidance to Approximately $5.875 Billion to $5.885 Billion, up Approximately 21% Year-Over-Year
Initiates FY22 GAAP Operating Margin Guidance of Approximately 0.2% and FY22 Non-GAAP Operating Margin Guidance of Approximately 17.7%

SAN FRANCISCO, Calif. - February 25, 2021 -
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal fourth quarter and full year fiscal 2021 ended January 31, 2021.

"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,” said Marc Benioff, Chair & CEO of Salesforce. “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. And we continued to serve all of our stakeholders in a time when they needed it most.”

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

Revenue: Total fourth quarter revenue was $5.82 billion, an increase of 20% year-over-year, and 19% in constant currency. Subscription and support revenues for the quarter were $5.48 billion, an increase of 20% year-over-year. Professional services and other revenues for the quarter were $0.34 billion, an increase of 18% year-over-year.

Total fiscal 2021 revenue was $21.25 billion, up 24% year-over-year, and 24% in constant currency. Subscription and support revenues for the year were $19.98 billion, up 25% year-over-year. Professional services and other revenues for the year were $1.28 billion, up 21% year-over-year.

Operating Margin: Fourth quarter GAAP operating margin was 3.3%. Fourth quarter non-GAAP operating margin was 17.5%. Fiscal 2021 GAAP operating margin was 2.1%. Fiscal 2021 non-GAAP operating margin was 17.7%.

Earnings per Share: Fourth quarter GAAP diluted earnings per share was $0.28, and non-GAAP diluted earnings per share was $1.04. Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefited GAAP diluted earnings per share by $0.21 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.22 based on a non-GAAP tax rate of 22%.

Fiscal 2021 GAAP diluted earnings per share was $4.38, and non-GAAP diluted earnings per share was $4.92. Mark-to-market accounting of the company’s strategic investments, required by ASU 2016-01, benefited GAAP



The following information was filed by Salesforce Com Inc (CRM) on Thursday, February 25, 2021 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
Condensed Consolidated Statements Of Stockholders??? Equity
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
Business Combinations
Business Combinations (Tables)
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)
Debt
Debt (Tables)
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Debt - Future Principal Payments (Details)
Debt - Narrative (Details)
Debt - Schedule Of Interest Expense (Details)
Employee Benefit Plans
Employee Benefit Plans (Details)
Fair Value Measurement
Fair Value Measurement (Details)
Fair Value Measurement (Tables)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Domestic And Foreign Components Of Income Before Provision For (Benefit From) Income Taxes (Details)
Income Taxes - Narrative (Details)
Income Taxes - Provisions For (Benefit From) (Details)
Income Taxes - Reconciliation Of Statutory Federal Income Tax Rate (Details)
Income Taxes - Unrecognized Tax Benefits (Details)
Intangible Assets Acquired Through Business Combinations And Goodwill
Intangible Assets Acquired Through Business Combinations And Goodwill (Tables)
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)
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Investments - Gains (Losses) On Strategic Investments, Net (Details)
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Investments - Schedule Of Strategic Investments (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)
Net Income Per Share
Net Income Per Share (Tables)
Net Income Per Share - Reconciliation Of Denominator Used In Calculation Of Basic And Diluted Earnings Per Share (Details)
Net Income Per Share - Shares Excluded From Diluted Earnings Per Share (Details)
Property And Equipment And Other Balance Sheet Accounts
Property And Equipment And Other Balance Sheet Accounts (Details)
Property And Equipment And Other Balance Sheet Accounts (Tables)
Related-Party Transactions
Related-Party Transactions (Details)
Revenues
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Revenues - Contract Balances And Unearned Revenue (Details)
Revenues - Disaggregation Of Revenue (Details)
Revenues - Remaining Performance Obligation (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Common Stock (Details)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Schedule Of Restricted Stock Activity (Details)
Stockholders' Equity - Schedule Of Share-Based Payment Award, Stock Options And Espp, Valuation Assumptions (Details)
Stockholders' Equity - Share-Based Compensation, Stock Options, Activity (Details)
Stockholders' Equity - Share-Based Payment Arrangement Expensed And Capitalized, Amount (Details)
Stockholders' Equity - Stock Options Outstanding (Details)
Subsequent Event
Subsequent Event (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 (Details)
Summary Of Business And Significant Accounting Policies - Schedule Of Property And Equipment Estimated Useful Lives (Details)
Ticker: CRM
CIK: 1108524
Form Type: 10-K Annual Report
Accession Number: 0001108524-21-000014
Submitted to the SEC: Wed Mar 17 2021 4:51:28 PM EST
Accepted by the SEC: Wed Mar 17 2021
Period: Sunday, January 31, 2021
Industry: Prepackaged Software

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