Salesforce.com, Inc. ($CRM) Earnings (Q4 FY22)

 Salesforce.com, Inc. ($CRM) Earnings and Opinion:


    Salesforce.com, Inc. is a company in the Technology sector and operates in the Software-Application industry. They are known for developing enterprise cloud computing solutions with focus on worldwide customer relationship management (CRM). The company holds a notable partnership with Amazon Web Services. Salesforce.com, Inc. was found in 1999 and is currently headquartered in San Francisco, California. 


Salesforce.com, Inc. EPS and Revenue Q4 FY22:

  • EPS of $0.84 compared to estimates of $0.75 (Non-GAAP)
  • Revenue of $7.33B compared to estimates of $7.24B
  • Revenue was up 26% (YOY) and EPS was down 19.23% (YOY)
Salesforce.com, Inc. EPS and Revenue FY22:
  • EPS of $4.78 (Non-GAAP)
  • Revenue was $26.49B up 25% (YOY)
Salesforce.com, Inc. FY23 Guidance:
  • Expected Revenue of $32B-$32.1B for full year
  • Non-GAAP EPS of $4.62-$4.64

Opinion:
Salesforce.com, Inc. ($CRM) is a company with a solid growth track. This is a company that I have been following since I first started researching stocks. I do not have a current position in this company, but have been very close to attaining one multiple times. It reached an all-time high of near $300 a share in October of 2021, but has seen a decline to near $200 a share since then. From assessing the recent financial statements of the fourth quarter and full year of 2022, I saw some declines in areas that I thought would be increases. It seems as if GAAP reporting showed decreases in EPS (YOY). It looks like "other expense" increased by 255% over the past fiscal year. The "Research and Development" and "Marketing and Sales" both increased their expenses over the past fiscal year. I actually like to see this, because it seems to have paid off with subscription growth as well as increases in revenues. Overall growth of the company seems to be growing by a couple percentage points a year as well, which is something that stands out for an investor looking for steady growth from a groundbreaking company. I think one of the most important things about this company is the partnership they currently have with AWS. AWS is one of the leaders in the cloud space and technology industry, so to have a partnership with that company is something extremely valuable for Salesforc.com, Inc. Personally, this company looks like one that could be a stronghold in ones portfolio. I think it is trading at some solid multiples right now, and the growth looks very intriguing. I think since it has slid off of its recent highs, this could be used as an opportunity to attain a position in this company.


*Information attained from Yahoo Finance, Salesforce, Zacks

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