Salesforce Raises FY22 Revenue Guidance; Initiates FY23 Revenue, GAAP Operating Margin, and Non-GAAP Operating Margin Guidance
Salesforce, the global leader in CRM, today announced the following revision to its Fiscal Year 2022 revenue guidance and initiation of Fiscal Year 2023 guidance as of Sept. 23, 2021.
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- Raises FY22 revenue guidance to a range of $26.25 billion to $26.35 billion.
- Initiates FY23 revenue guidance of $31.65 billion to $31.80 billion.
- Initiates FY23 GAAP operating margin guidance of 3.0% to 3.5% and non-GAAP operating margin guidance of 20.0%.
Salesforce will hold its annual Investor Day presentation today, Thursday, Sept. 23 beginning at 8:00 am (PT) / 11:00 am (ET). The live broadcast and on-demand replay will be available at www.salesforce.com/investorday2021 and at www.salesforce.com/investor. An investor presentation accompanying the program, including information regarding the Company’s financial performance, guidance, market opportunity, competitive position and economic model, will also be made available at www.salesforce.com/investor at approximately 12:00 p.m. PT on Sept. 23, 2021.
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The following is a reconciliation of GAAP operating margin guidance to non-GAAP operating margin guidance for the full year:
|
|
Fiscal Year 2023 Guidance |
|
|
GAAP Operating Margin (1) |
~3.0% – 3.5% |
|
|
Plus |
|
|
|
Amortization of purchased intangibles |
5.8% |
|
|
Stock-based compensation |
11.1% – 10.6% |
|
|
Non-GAAP Operating Margin (1) |
~20.0% |
(1) GAAP operating margin is the proportion of GAAP income from operations as a percentage of GAAP revenue. Non- GAAP operating margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue.
“Safe harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward- looking statements about the company’s financial and operating results, which may include expected GAAP and non-GAAP financial and other operating and non-operating results, including revenue, net income, earnings per share, operating cash flow growth, operating margin, expected revenue growth, expected current remaining performance obligation growth, expected tax rates, stock-based compensation expenses, amortization of purchased intangibles, shares outstanding, market growth, environmental, social and governance goals, expected capital allocation, including mergers and acquisitions, capital expenditures and other investments, and expected contributions from acquired companies. The achievement or success of the matters covered by such forward looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the company’s results could differ materially from the results expressed or implied by the forward-looking statements it makes.
