Salesforce Announces Quarterly Results and Promotion of Bret Taylor to Co-CEO

Salesforce today announced the results of its third quarter of fiscal year 2022 ending October 31, 2021. The Total revenue of the third quarter have been $ 6,860 million, an increase of 27% year-on-year and 26% in constant currency. Income from Subscription and support for the quarter were $ 6.38 billion, a 25% year-over-year increase. Professional services and other revenue for the quarter was $ 0.48 billion, an increase of 45% year-over-year.

Marc Benioff, President and CEO of Salesforce, has commented that We achieved another phenomenal quarter, driving strong revenue, margin and cash flow growth”. “Salesforce is more relevant and strategic than ever as all companies accelerate their digital transformation journey. Just as we have helped our customers overcome the pandemic, we are now guiding them toward greater growth, customer success, health and safety, and trust. With the tremendous strength of our Customer 360 platform and Slack, we are on track to achieve revenue of $ 50 billion in fiscal 26“.

He has also shared the predictions for the fourth quarter of fiscal year 22, where they expect to get between 7,224 and 7,234 million dollars, with a year-on-year increase of approximately 24%.

Bret Taylor Promoted to Vice President and Co-CEO

Bret Taylor has been promoted to Vice Chairman of the Board and Co-CEO of Salesforce, effective immediately. Taylor has served as President and COO of Salesforce since 2019, and previously served as the company’s president and chief product officer.

Bret is a phenomenal industry leader who has been instrumental in creating incredible success for our customers and driving innovation throughout our company. You have been my trusted friend for years and I couldn’t be happier to welcome you as Co-CEO.“, He said Marc Benioff, President and Co-CEO of Salesforce. “We are in a new world and Salesforce has never been more relevant or strategic to our clients. Together, Bret and I will guide Salesforce through our next chapter, as we live out our shared values ​​of trust, customer success, innovation, and equality for all. ”

Read Also:  Automating Reporting And Analytics Processes

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here