Salesforce reported a 9% YoY increase in revenue to $27.9 billion for the nine months ended October 31, 2024. Income from operations rose to $5.4 billion, with an operating margin of 19%, up from 13% a year ago. Diluted net income per share increased to $4.60, and cash from operations grew by 34% to $9.1 billion. The company paid $1.2 billion in dividends and repurchased 30 million shares for $7.7 billion.Management highlighted the successful launch of Agentforce, an AI-driven platform, and continued investment in AI across products. The restructuring plan initiated in January 2023 aimed at reducing costs and improving margins is progressing, with workforce and office space reductions expected to complete by fiscal 2026. Salesforce is focusing on expanding its enterprise and international customer base and enhancing industry-specific solutions.Risks include potential impacts from slower growth in new and renewal business, foreign currency fluctuations, and global market volatility. Despite these challenges, Salesforce remains optimistic about long-term growth, driven by strategic investments and operational efficiencies.

Salesforce reported a 9% YoY increase in revenue to $27.9 billion for the nine months ended October 31, 2024. Income from operations rose to $5.4 billion, with an operating margin of 19%, up from 13% a year ago. Diluted net income per share increased to $4.60, and cash from operations grew by 34% to $9.1 billion. The company paid $1.2 billion in dividends and repurchased 30 million shares for $7.7 billion.Management highlighted the successful launch of Agentforce, an AI-driven platform, and continued investment in AI across products. The restructuring plan initiated in January 2023 aimed at reducing costs and improving margins is progressing, with workforce and office space reductions expected to complete by fiscal 2026. Salesforce is focusing on expanding its enterprise and international customer base and enhancing industry-specific solutions.Risks include potential impacts from slower growth in new and renewal business, foreign currency fluctuations, and global market volatility. Despite these challenges, Salesforce remains optimistic about long-term growth, driven by strategic investments and operational efficiencies.