Salesforce's Q3 revenue up 14% to $7.84 billion

Wednesday, 30. November 2022 22:06

Salesforce.com Inc. announced Wednesday that its revenue jumped 14% year over year to $7.84 billion in the third quarter of fiscal 2023.

The company said its net income stood at $210 million in the three months ending October 31. Meanwhile, Earnings per Share stood at $0.21. Moreover, according to the report, revenue guidance for the fourth quarter of FY23 is $7.932 billion to $8.032 billion, up 8% to 10% year-over-year, and revenue guidance for FY23 is $30.9 billion to $31 billion, up 17% year-on-year.

"We're grateful to our customers for their commitment, especially as we help them succeed in this challenging environment. There's never been a more important time for our customers to connect with their customers in a whole new way," said Marc Benioff, Chair & Co-CEO of Salesforce. Salesforce shares declined 5.61% in after-hours trading at 4:12 p.m. ET to sell at $149.98.

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Author:
Baha Breaking News (BBN) / JG