$113.9 B

CRM Mkt cap, 22-Jan-2019

$3.4 B

Salesforce Revenue Q3, 2019
Salesforce Gross profit (Q3, 2019)2.5 B
Salesforce Gross profit margin (Q3, 2019), %73.8%
Salesforce Net income (Q3, 2019)105 M
Salesforce EBIT (Q3, 2019)92 M
Salesforce Cash, 31-Oct-20182.1 B
Salesforce EV115.5 B

Salesforce Revenue

Salesforce revenue was $10.48 b in FY, 2018 which is a 24.9% year over year increase from the previous period.

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Salesforce Revenue Breakdown

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Salesforce revenue breakdown by business segment: 7.3% from Professional Services and Other and 92.7% from Subscription and Support

Salesforce revenue breakdown by geographic segment: 9.5% from Asia Pacific, 72.3% from Americas and 18.2% from Europe

Salesforce Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

5.4b6.7b8.4b10.5b

Revenue growth, %

32%24%26%25%

Cost of goods sold

1.3b1.7b2.2b2.8b

Gross profit

4.1b5.0b6.2b7.7b

Gross profit Margin, %

76%75%73%74%

Sales and marketing expense

2.8b3.2b3.9b4.8b

R&D expense

792.9m946.3m1.2b1.6b

General and administrative expense

679.9m748.2m967.6m1.1b

Operating expense total

4.2b4.9b6.1b7.5b

EBIT

(145.6m)114.9m64.2m235.8m

EBIT margin, %

(3%)2%1%2%

Interest expense

73.2m72.5m89.0m86.9m

Investment income

10.0m15.3m27.4m35.8m

Pre tax profit

(213.1m)64.3m25.4m202.1m

Income tax expense

49.6m111.7m(154.2m)74.6m

Net Income

(262.7m)(47.4m)179.6m127.5m

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.1b1.2b1.3b1.4b1.5b1.6b1.7b1.9b2.0b2.1b2.4b2.6b2.7b3.0b3.3b3.4b

Cost of goods sold

268.2m292.3m307.8m333.2m381.8m405.4m423.7m497.0m525.6m585.5m650.6m670.7m714.5m767.0m849.0m889.0m

Gross profit

807.8m934.5m1.0b1.1b1.1b1.2b1.3b1.4b1.5b1.6b1.7b1.9b2.0b2.2b2.4b2.5b

Gross profit Margin, %

75%76%77%76%75%75%75%74%74%73%73%74%73%74%74%74%

Sales and marketing expense

736.9m793.7m818.8k895.9m934.9m998.0m1.1b1.2b1.2b1.3b1.5b1.6b

R&D expense

170.7m188.4m203.1m195.5m222.1m234.1m239.2m222.1m291.5m311.5m376.1m386.4m394.0m424.0m463.0m481.0m

General and administrative expense

153.9m162.1m169.1m167.4m175.8m181.7m186.8m210.8m252.1m246.8m260.3m282.9m270.6m295.0m350.0m342.0m

Operating expense total

905.8m989.8m1.0b1.1b1.1b1.2b426.8m1.3b1.5b1.6b1.7b1.8b1.8b2.0b2.3b2.4b

EBIT

(97.9m)(55.3m)(33.4m)(22.0m)31.1m19.8m43.4m52.0m32.6m3.0m(8.9m)50.8m116.0m191.0m115.0m92.0m

EBIT margin, %

(9%)(5%)(3%)(2%)2%1%3%3%2%0%0%2%4%6%4%3%

Interest expense

22.9m20.4m18.3m17.7m16.7m18.1m18.2m22.0m20.7m21.9m22.2m21.6m21.6m34.0m39.0m40.0m

Investment income

4.7m3.3m3.5m8.1m11.9m3.7m5.3m8.8m10.0m16.0m12.0m13.0m

Pre tax profit

(84.8m)18.1m7.0m43.4m37.2m24.3m(12.6m)(23.0m)30.5m106.4m385.0m231.0m128.0m

Income tax expense

(393.0k)(12.1m)(8.1m)(17.1m)14.0m7.8m68.5m(1.6m)(205.3m)24.7m(13.8m)12.7m55.0m41.0m(68.0m)23.0m

Net Income

(124.4m)(96.9m)(61.1m)(38.9m)4.1m(852.0k)(25.2m)38.8m229.6m(37.3m)(9.2m)17.7m51.4m344.0m299.0m105.0m

Salesforce Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

908.1m1.2b1.6b2.5b

Accounts Receivable

1.9b2.5b3.2b3.9b

Prepaid Expenses

280.6m250.6m279.5m390.4m

Current Assets

3.6b4.3b6.0b9.3b

PP&E

1.1b1.7b1.8b1.9b

Goodwill

3.8b3.8b7.3b7.3b

Total Assets

10.7b12.8b17.6b21.0b

Accounts Payable

1.1b1.3b1.8b2.0b

Short-term debt

1.0b

Current Liabilities

4.4b5.6b7.3b10.1b

Long-term debt

1.4b1.3b2.0b694.8m

Total Debt

1.4b1.3b2.0b1.7b

Total Liabilities

6.7b7.8b10.1b11.6b

Common Stock

651.0k671.0k708.0k730.0k

Additional Paid-in Capital

4.6b5.7b8.0b9.8b

Retained Earnings

(605.8m)(653.3m)(464.9m)(337.4m)

Total Equity

4.0b5.0b7.5b9.4b

Debt to Equity Ratio

0.3 x0.3 x0.3 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x

Financial Leverage

2.7 x2.6 x2.3 x2.2 x

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

651.8m827.9m774.7m846.3m942.0m1.1b1.2b1.8b1.1b1.1b2.0b1.9b2.1b5.9b2.3b2.1b

Accounts Receivable

604.0m684.2m834.3m794.6m926.4m1.1b1.1b1.2b1.3b1.3b1.4b1.6b1.5b1.8b2.0b2.0b

Prepaid Expenses

311.0m330.3m311.9m306.6m543.9m281.6m447.6m438.2m469.9m562.0m726.0m700.0m

Current Assets

1.8b2.0b2.3b2.4b2.6b2.9b2.9b3.8b3.3b3.0b5.4b5.8b5.9b10.2b6.8b6.9b

PP&E

1.2b1.3b1.2b1.1b1.7b1.7b1.7b1.7b1.7b1.8b1.8b1.9b1.9b2.0b2.0b2.0b

Goodwill

3.5b3.5b3.5b3.8b3.8b3.8b3.8b4.1b6.0b6.6b7.3b7.3b7.3b7.4b12.3b12.8b

Total Assets

8.1b8.6b9.0b9.4b10.4b10.8b10.9b12.8b14.4b14.4b17.1b17.4b17.5b23.0b25.8b26.6b

Accounts Payable

928.1m1.1b1.1b1.6b1.6b1.5b1.5b1.6b1.7b1.7b2.1b2.1b

Short-term debt

1.1b1.1b1.1b3.0m503.0m503.0m

Current Liabilities

3.1b3.4b3.5b3.3b4.0b4.1b4.0b5.1b5.4b5.0b7.6b7.5b7.2b7.9b8.5b8.0b

Long-term debt

1.3b1.3b1.3b1.3b1.8b1.8b695.8m696.2m696.6m3.2b3.2b3.2b

Total Debt

1.3b1.3b1.3b1.3b1.8b1.8b1.8b1.8b1.8b3.2b3.7b3.7b

Total Liabilities

5.2b5.5b5.7b5.6b6.1b6.3b6.2b7.2b8.2b7.6b9.1b9.0b8.6b11.9b12.3b11.9b

Common Stock

603.0k614.0k619.0k631.0k656.0k660.0k664.0k678.0k685.0k697.0k712.0k719.0k722.0k1.0m1.0m1.0m

Additional Paid-in Capital

3.1b3.6b3.8b4.3b4.9b5.2b5.4b6.2b6.5b7.3b8.4b8.9b9.2b10.1b12.3b13.4b

Retained Earnings

(226.5m)(440.1m)(501.2m)(540.1m)(601.8m)(602.6m)(627.8m)(605.8m)(376.2m)(413.5m)(474.1m)(456.4m)(405.0m)969.0m1.3b1.4b

Total Equity

2.9b4.2b4.5b4.7b5.6b6.1b6.8b7.9b8.5b8.8b11.1b13.5b14.7b

Debt to Equity Ratio

0.3 x0.3 x0.3 x0.2 x0.3 x0.3 x0.2 x0.2 x0.2 x0.3 x0.3 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

2.8 x2.4 x2.4 x2.3 x2.3 x2.3 x2.1 x2.1 x2.1 x2 x2.1 x1.9 x1.8 x

Salesforce Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(262.7m)(47.4m)179.6m127.5m

Depreciation and Amortization

448.3m525.8m632.2m752.6m

Accounts Receivable

(544.6m)(582.4m)(628.5m)(720.0m)

Accounts Payable

160.0m254.0m50.0m308.2m

Cash From Operating Activities

1.2b1.6b2.2b2.7b

Cash From Investing Activities

(698.4m)(1.5b)(2.7b)(2.0b)

Cash From Financing Activities

(310.5m)132.6m997.7m221.2m

Net Change in Cash

126.5m250.2m448.2m936.9m

Interest Paid

24.7m38.0m55.0m40.3m

Income Taxes Paid

36.2m31.5m36.4m53.2m

Free Cash Flow

883.3m1.3b1.7b2.2b

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(115.6m)(96.9m)(61.1m)(38.9m)4.1m(852.0k)(25.2m)38.8m229.6m(37.3m)(9.2m)17.7m51.4m344.0m643.0m748.0m

Depreciation and Amortization

254.6m110.8m107.6m112.0m127.9m131.7m134.2m132.8m149.4m169.3m185.1m192.3m187.5m181.0m433.0m689.0m

Accounts Receivable

332.1m676.7m(150.2m)39.8m979.2m(141.4m)15.3m1.3b(73.2m)42.7m1.8b(129.4m)49.4m2.2b2.0b2.0b

Accounts Payable

(239.1m)193.8m57.6m(286.2m)(46.7m)57.8m(301.2m)187.0m74.5m(456.0m)(277.0m)(311.0m)

Cash From Operating Activities

604.2m473.1m245.9m122.5m730.9m304.4m117.9m1.1b250.7m154.3m1.2b331.3m125.8m1.5b1.9b2.1b

Cash From Investing Activities

(2.2b)(210.4m)(286.5m)(56.3m)(536.1m)(233.8m)(112.7m)(450.3m)(1.5b)(193.8m)(767.7m)(523.6m)(135.3m)276.0m(4.4b)(4.9b)

Long-term Borrowings

(1.1b)(1.0b)

Cash From Financing Activities

1.5b(219.1m)(6.9m)19.9m(157.6m)73.6m131.7m39.2m616.6m81.8m(49.6m)117.3m134.3m1.6b2.2b2.4b

Net Change in Cash

33.8m147.4m134.0m640.7m(683.9m)30.5m418.4m(75.8m)122.7m3.4b(224.0m)(438.0m)

Interest Paid

8.7m8.3m4.3m4.3m20.6m4.1m23.8m6.3m11.4m6.7m20.5m6.8m7.0m29.0m83.0m

Income Taxes Paid

10.6m5.6m8.2m7.9m6.3m11.2m17.3m9.3m14.8m19.0m37.0m62.0m

Free Cash Flow

375.0m413.0m174.3m49.1m659.8m239.5m37.9m967.8m154.6m13.7m1.1b202.9m14.5m1.3b1.6b1.6b

Salesforce Ratios

USDY, 2018

EV/EBIT

1.3 k x

EV/CFO

55.9 x

EV/FCF

70.5 x

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

1.8 x
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Salesforce Operating Metrics

Salesforce's Customers was reported to be 150 k in FY, 2018.
FY, 2015FY, 2016FY, 2017Jul, 2017FY, 2018Jul, 2018

Customers

150 kwdxefcqufszuzezftuxetqsqxt150 k150 k150 k150 k

Average Daily Transactions

2.30 b5 b

Transactions

976 b

Transactions annually

2 t

Countries

25

Daily Data Connections

100 m

Daily Orders Processed

3 m4 m

Daily Unique Visitors

4.50 m

Einstein Predictions

2 b

Emails Processed per Day

1.40 b1.50 b
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Salesforce Human Capital

Salesforce's employees are reported to be approximately 30% female and 70% male.

Ethnicity

Y, 2016Y, 2014
Asian25 %22 %
White66 %67 %
Other9 %11 %

Gender

Y, 2016Y, 2014
Female30.1 %29 %
Male69.6 %71 %
Other0.3 %
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Salesforce Employee Rating

4.44726 votes
Culture & Values
4.6
Work/Life Balance
4.2
Senior Management
4.2
Salary & Benefits
4.5
Career Opportunities
4.3
Source