Salesforce Earnings – Q3 2021

• Third Quarter Revenue of $6.86 Billion, up 27% Year-Over-Year, 26% in Constant Currency
• Current Remaining Performance Obligation of Approximately $18.8 Billion, up 23% Year-Over-Year,
23% in Constant Currency
• Third Quarter GAAP Operating Margin of 0.6% and Non-GAAP Operating Margin of 19.8%
• Initiates Fourth Quarter FY22 Revenue Guidance of $7.224 Billion to $7.234 Billion, up
Approximately 24% Year-Over-Year
• Raises FY22 Revenue Guidance to $26.39 Billion to $26.40 Billion, up Approximately 24% YearOver-Year
• Raises FY22 GAAP Operating Margin Guidance to Approximately 1.8% and Non-GAAP Operating
Margin Guidance to Approximately 18.6%
• Raises FY22 Operating Cash Flow Growth Guidance to Approximately 18% to 19% Growth YearOver-Year
• Initiates First Quarter FY23 Revenue Guidance of $7.215 Billion to $7.250 Billion, up Approximately
21% to 22% Year-Over-Year
• Reiterates FY23 GAAP Operating Margin Guidance of Approximately 3.0% to 3.5% and Non-GAAP
Operating Margin of Approximately 20%

“We delivered another phenomenal quarter, fueling strong revenue growth, margin and cash flow,” said Marc Benioff, Chair and CEO of Salesforce. “Salesforce is more relevant and strategic than ever as every company accelerates their digital transformation journey. Just as we’ve helped our customers navigate the pandemic, we’re now guiding them toward greater growth, customer success, health and safety, and trust. With the tremendous
strength of our Customer 360 platform and Slack, we’re on track to reach $50 billion revenue in FY26.”
“Our disciplined approach continues to deliver record levels of operating margin this year,” said Amy Weaver, President and CFO. “During the third quarter, we again executed against the strong demand environment in front of us. Slack saw another strong quarter, and we are pleased with Slack’s representation in our largest deals. In this new world, Slack and our Customer 360 have never been more relevant.”

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