Salesforce (CRM) FY2012 results: revenue $2.3 billion, up 36.8% on the year
Salesforce, Inc. (CRM) reported revenue of $2.3 billion for fiscal 2012, the year ended 31 January 2012, up 36.8% on the year before. Net income was -$12 million, and diluted earnings per share $-0.02. The figures are the company's own, from the 10-K it filed with the SEC on 9 March 2012.
Revenue
$2.3 billion
+36.8% on the year
FY2008FY2012
Operating margin
-1.5%
5.9% a year earlier
FY2008FY2012
Net income
-$12 million
FY2008FY2012
Diluted EPS
-$0.02
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,267
1,657
1,306
+36.8%
Cost of revenue
489
324
258
+51.0%
Gross profit
1,778
1,333
1,048
+33.3%
Gross margin
78.4%
80.5%
80.2%
Research and development
295
188
132
+57.2%
Operating income
-35.1
97.5
115
Operating margin
-1.5%
5.9%
8.8%
Interest expense
17.0
24.9
2.0
-31.6%
Pre-tax income
-33.3
104
142
Income tax
-21.7
34.6
57.7
Effective tax rate
n/a
33.2%
40.5%
Net income
-11.6
64.5
80.7
Net margin
-0.5%
3.9%
6.2%
Diluted EPS
-$0.02
$0.12
$0.16
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
592
459
271
+28.8%
Capital expenditure
152
90.9
49.5
+66.9%
Free cash flow
440
368
221
+19.5%
Free cash flow margin
19.4%
22.2%
17.0%
Cash from investing
-490
-1,063
-379
Cash from financing
75.8
14.1
637
+438.9%
Depreciation and amortisation
157
75.7
53.2
+107.6%
Share-based compensation
229
120
88.9
+90.4%
Diluted shares, weighted
541m
546m
512m
-0.9%
Shares outstanding at period end
548m
532m
509m
+3.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,587
1,276
1,044
+24.4%
Non-controlling interest
n/a
0.0
12.9
Redeemable equity
78.7
n/a
n/a
Debt
575
575
575
-0.0%
Other liabilities
1,923
1,240
829
+55.1%
Total liabilities and equity
4,164
3,091
2,460
+34.7%
Fixed assets
528
387
89.7
+36.4%
Goodwill
785
396
49.0
+98.3%
Intangible assets
46.1
31.7
6.6
+45.6%
Investments
840
983
716
-14.6%
Cash and equivalents
607
424
1,011
+43.1%
Receivables
684
427
321
+60.1%
Other assets
674
442
267
+52.5%
Total assets
4,164
3,091
2,460
+34.7%
10-K for the year ended 31 January 2012, filed 9 March 2012: the filing.