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Salesforce Lifts Full-Year Revenue Target

By Robb M. Stewart

 

Cloud-based enterprise-software provider Salesforce.com Inc. on Thursday raised its target for full year revenue.

The San Francisco-based company said it now expects revenue of between $26.25 billion and $26.35, where in late-August it set a target of $26.2 billion to $26.3 billion.

In February, the company said it anticipated revenue for fiscal 2022 of between $25.65 billion and $25.75 billion. Its fiscal 2021 revenue rose 24% to $21.25 billion

For fiscal 2023, Salesforce said it expects revenue rising to $31.65 billion to $31.8 billion, and an operating margin of 3% to $3.5%.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

September 23, 2021 08:03 ET (12:03 GMT)

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