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OFFON

SALESFORCE.COM, INC.

(CRM)
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Salesforce Lifts Full-Year Revenue Target

09/23/2021 | 08:04am EDT

By Robb M. Stewart

Cloud-based enterprise-software provider Salesforce.com Inc. on Thursday raised its target for full year revenue.

The San Francisco-based company said it now expects revenue of between $26.25 billion and $26.35, where in late-August it set a target of $26.2 billion to $26.3 billion.

In February, the company said it anticipated revenue for fiscal 2022 of between $25.65 billion and $25.75 billion. Its fiscal 2021 revenue rose 24% to $21.25 billion

For fiscal 2023, Salesforce said it expects revenue rising to $31.65 billion to $31.8 billion, and an operating margin of 3% to $3.5%.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

09-23-21 0803ET

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Financials (USD)
Sales 2022 26 333 M - -
Net income 2022 805 M - -
Net cash 2022 249 M - -
P/E ratio 2022 347x
Yield 2022 -
Capitalization 286 B 286 B -
EV / Sales 2022 10,9x
EV / Sales 2023 8,80x
Nbr of Employees 56 606
Free-Float 96,6%
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Mean consensus BUY
Number of Analysts 48
Last Close Price 292,34 $
Average target price 320,04 $
Spread / Average Target 9,48%
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Managers and Directors
Marc Russell Benioff Chairman & Chief Executive Officer
Alexandre Dayon Co-President & Chief Strategy Officer
Amy E. Weaver Co-President & Chief Financial Officer
Srinivas Tallapragada Co-President & Chief Engineering Officer
Bret Steven Taylor Co-President & Chief Operating Officer
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