Salesforce (CRM) FY2015 results: revenue $5.4 billion, up 32.0% on the year
Salesforce, Inc. (CRM) reported revenue of $5.4 billion for fiscal 2015, the year ended 31 January 2015, up 32.0% on the year before. Net income was -$263 million, and diluted earnings per share $-0.42. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2015.
Revenue
$5.4 billion
+32.0% on the year
FY2008FY2015
Operating margin
-2.7%
-7.0% a year earlier
FY2008FY2015
Net income
-$263 million
FY2008FY2015
Diluted EPS
-$0.42
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
5,374
4,071
3,050
+32.0%
Cost of revenue
1,289
968
684
+33.1%
Gross profit
4,084
3,103
2,367
+31.6%
Gross margin
76.0%
76.2%
77.6%
Research and development
793
624
429
+27.1%
Operating income
-146
-286
-111
Operating margin
-2.7%
-7.0%
-3.6%
Interest expense
73.2
77.2
30.9
-5.1%
Pre-tax income
-213
-358
-128
Income tax
49.6
-126
143
Net income
-263
-232
-270
Net margin
-4.9%
-5.7%
-8.9%
Diluted EPS
-$0.42
-$0.39
-$0.48
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,181
884
737
+33.7%
Capital expenditure
290
299
176
-2.9%
Free cash flow
891
585
561
+52.4%
Free cash flow margin
16.6%
14.4%
18.4%
Cash from investing
-698
-2,432
-939
Cash from financing
-318
1,590
335
Depreciation and amortisation
448
369
217
+21.4%
Share-based compensation
565
503
379
+12.2%
Diluted shares, weighted
624m
598m
565m
+4.4%
Shares outstanding at period end
651m
610m
586m
+6.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,975
3,039
2,318
+30.8%
Redeemable equity
0.0
26.7
53.6
Debt
1,371
1,874
521
-26.9%
Other liabilities
5,308
4,214
2,636
+26.0%
Total liabilities and equity
10,654
9,153
5,529
+16.4%
Fixed assets
1,126
1,241
605
-9.3%
Goodwill
3,783
3,501
1,529
+8.1%
Intangible assets
632
771
49.4
-18.0%
Investments
982
539
1,011
+82.1%
Cash and equivalents
908
782
747
+16.2%
Receivables
1,906
1,361
873
+40.0%
Other assets
1,318
959
715
+37.4%
Total assets
10,654
9,153
5,529
+16.4%
10-K for the year ended 31 January 2015, filed 6 March 2015: the filing.