Salesforce Reports Strong Third Quarter Fiscal 2023 Results
Revenue Forecast Increased
225 to 226 Per Share Adjusted Profit Expected in Fourth Quarter
Salesforce, a leading provider of customer relationship management (CRM) software, has announced solid results for its third quarter of fiscal 2023. The company reported a revenue increase of 14%, reaching $8.38 billion. The strong performance was driven by continued growth in subscription revenue, which increased by 16% year-over-year.
Salesforce also raised its annual revenue forecast, now expecting between $32.1 billion and $32.2 billion, up from its previous range of $31.7 billion to $31.8 billion. This increase reflects the company's confidence in its growth potential and the strong demand for its cloud-based services.
In addition to its financial performance, Salesforce announced plans to invest in strategic areas such as artificial intelligence (AI), digital transformation, and customer experience. The company believes these investments will strengthen its position as a leader in the CRM market and drive long-term growth.
Salesforce's strong performance and positive outlook demonstrate the company's continued resilience and growth potential. The company's focus on innovation and customer success is expected to contribute to its ongoing success in the years to come.
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