Is salesforce a BUY?
$Salesforce (CRM.US)$ share prices popped when they released their Q4'23 and FY'23 results.
The stock has been tanking the previous quarters for underperformance. Is it different this time around?
1. Improvement in toplines and margin
Salesforce Q4 FY23 Quarterly Investor Deck
Revenue for FY'2023 increased 18% YoY. The remaining performance obligation eked up 11%.
But the stellar performance drills down to the operating margin, which rose 120 bps.
2. All verticals show growth
Salesforce Q4 FY23 Quarterly Investor Deck
Salesforce is more than just customer relations management (CRM). It also has other services, platforms and also data visualization.
All of its 5 verticals posted growth in FY'23.
3. Free cashflow improved massively
Salesforce Q4 FY23 Quarterly Investor Deck
in Q4'23, Salesforce regained its massive free cash flow, which grew by 42% YoY. Operating cash flow also improved by 41% as well.
Does all of this looks promising to you? Would invest in salesforce?
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The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
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