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Salesforce Reports Strong Q4 and Fiscal 2023 Results
Revenue Up 18% in Fiscal 2023
Subscription and Support Revenues Drive Growth
Salesforce has announced strong financial results for its fiscal fourth quarter and full fiscal year 2023.
In the fourth quarter, Salesforce reported total revenue of 929.5 billion euros, a 25% increase year-over-year (YoY). Subscription and support revenues, which represent the majority of Salesforce's revenue, grew by 12% YoY to 875 billion euros. Professional services and other revenues also saw an increase, rising by 5.4% YoY to 54 billion euros.
For the full fiscal year 2023, Salesforce reported total revenue of 31.35 billion euros, an 18% increase YoY and 22% increase on a constant currency basis (CC). Subscription and support revenues for the full year reached 29.02 billion euros, representing growth of 12% YoY and 16% CC.
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