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Salesforce.Com, Inc. (CRM) SEC Filing 10-K Annual Report for the fiscal year ending Monday, January 31, 2022

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CRM Annual Reports

Salesforce Com Inc

CIK: 1108524 Ticker: CRM
Exhibit 99.1
Evan Goldstein
Salesforce
Investor Relations
415-819-2987
evan.goldstein@salesforce.com

Carolyn Guss
Salesforce
Public Relations
415-536-4966
cguss@salesforce.com


Salesforce Announces Record Fourth Quarter and Full Year Fiscal 2022 Results
Raises FY23 Revenue Guidance to $32.0 Billion to $32.1 Billion

Fourth Quarter Revenue of $7.33 Billion, up 26% Year-Over-Year, 27% in Constant Currency
FY22 Revenue of $26.49 Billion, up 25% Year-Over-Year, 24% in Constant Currency
Current Remaining Performance Obligation of Approximately $22.0 Billion, up 22% Year-Over-Year, 24% in Constant Currency
FY22 GAAP Operating Margin of 2.1%, and Non-GAAP Operating Margin of 18.7%
FY22 Operating Cash Flow of $6.0 Billion, up 25% Year-Over-Year
Raises First Quarter FY23 Revenue Guidance to $7.37 Billion to $7.38 Billion, up Approximately 24% Year-Over-Year
Raises FY23 GAAP Operating Margin Guidance to Approximately 3.6% and Reiterates Non-GAAP Operating Margin Guidance of Approximately 20%


SAN FRANCISCO, Calif. - March 1, 2022 -
Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fourth quarter and full year fiscal 2022 ended January 31, 2022.

“We had another phenomenal quarter and full-year of financial results,” said Marc Benioff, Chair and Co-CEO of Salesforce. “As we continue to see tremendous demand from customers, we’re raising our FY23 revenue guidance to $32.1 billion at the high-end of range, with non-GAAP operating margin of 20%, and operating cash flow growth of 22% year-over-year.”

“With our customers’ success driving our financial success, we’re generating disciplined, profitable growth at scale quarter after quarter,” said Bret Taylor, Co-CEO of Salesforce. “Our Customer 360 platform has never been more strategic or relevant in driving the growth and resilience of our customers around the world.”

“Fiscal 2022 was a remarkable year for Salesforce. I am particularly pleased with our focus on discipline and profitable growth which drove record levels of revenue, margin, and cash flow,” said Amy Weaver, President and CFO. “I’m confident in the momentum of the business as we build an even stronger company in FY23 and beyond.”


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

Revenue: Total fourth quarter revenue was $7.33 billion, an increase of 26% year-over-year, and 27% in constant currency. Subscription and support revenues for the quarter were $6.83 billion, an increase of 25% year-over-year. Professional services and other revenues for the quarter were $0.50 billion, an increase of 46% year-over-year.

Total fiscal 2022 revenue was $26.49 billion, up 25% year-over-year, and 24% in constant currency. Subscription and support revenues for the year were $24.66 billion, up 23% year-over-year. Professional services and other revenues for the year were $1.84 billion, up 44% year-over-year.

Operating Margin: Fourth quarter GAAP operating margin was (2.4)%. Fourth quarter non-GAAP operating margin was 15.0%.



The following information was filed by Salesforce Com Inc (CRM) on Tuesday, March 1, 2022 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

Audit Information
Document And Entity Information
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)
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Business Combinations - Intangible Assets Acquired (Details)
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Debt - Schedule Of Interest Expense (Details)
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Fair Value Measurement (Tables)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Deferred Tax Assets And Liabilities (Details)
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Income Taxes - Narrative (Details)
Income Taxes - Provisions For (Benefit From) (Details)
Income Taxes - Reconciliation Of Statutory Federal Income Tax Rate (Details)
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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)
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Leases And Other Commitments - Balance Sheet And Other Information Related To Leases (Details)
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Legal Proceedings And Claims
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Net Income Per Share
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Property And Equipment And Other Balance Sheet Accounts
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Stockholders' Equity
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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, Valuation Assumptions (Details)
Stockholders' Equity - Share-Based Compensation, Stock Options, Activity (Details)
Stockholders' Equity - Share-Based Payment Arrangement Expensed And Capitalized, Amount (Details)
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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: 0001108524-22-000013
Submitted to the SEC: Fri Mar 11 2022 8:06:16 AM EST
Accepted by the SEC: Fri Mar 11 2022
Period: Monday, January 31, 2022
Industry: Prepackaged Software

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