Salesforce ends fiscal 2022 on a high as digital transformation dominates the C-Suite agenda

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  • Post last modified:April 25, 2022

That was the assessment of Salesforce co-CEO Marc Benioff as the firm handed in another quarter of strong growth and brought fiscal 2022 to a head.  For Q4, revenue of $7.33 billion was up 26% year-on-year with a GAAP loss of $28 million. Full year revenue of $26.49 was up 25% with GAAP net income coming in at $1.44 billion.

Other stats from the results announcement:

  • Sales Cloud grew 18% year-on-year in Q4 to hit $1.6 billion.
  • Service Cloud grew 17% to $1.7 billion.
  • Platform & Other – which includes Slack – was up 53% to $1.4 billion.
  • Marketing Cloud & Commerce Cloud reported 20% year-on-year growth.
  • Data – including Mulesoft and Tableau – was up 23% to $1.1 billion.
  • Growth by geography in Q4 – 23% in the Americas, 38% in EMEA and 20% in APAC.

The future 

As for what comes next, it’s a case of drilling down on what’s been achieved to date. Post-Slack, there are no plans for any mega M&A activity in the short term, but there will a continued focus on  multi-cloud CEO conversations around digital transformation. Patterson noted