Salesforce (CRM) Revenue — Quarter Ended Oct 31, 2023
Revenue increased relative to the prior quarter and showed growth compared with the same quarter a year earlier. The trend reflects continued expansion, albeit at a moderate sequential pace.
Key takeaway
Quarter ended Oct 31, 2023 · FY2024 Q3
Revenue increased relative to the prior quarter and showed growth compared with the same quarter a year earlier. The trend reflects continued expansion, albeit at a moderate sequential pace.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.7B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+11.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$34B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 31, 2023 | $8.4B | +14.4% |
| Apr 30, 2023 | $8.2B | +11.3% |
| Jul 31, 2023 | $8.6B | +11.4% |
| Oct 31, 2023 | $8.7B | +11.3% |
Revenue performance
The reported revenue for the quarter was higher than the preceding quarter, continuing the upward trajectory seen in recent periods.
Quarterly comparison
Compared with the immediate prior quarter, revenue improved modestly. On a year-over-year basis, the increase was more substantial, indicating stronger annual growth.
What to watch
Monitor whether the sequential growth rate sustains or decelerates in upcoming quarters.