Salesforce (CRM) FY2016 results: revenue $6.7 billion, up 24.1% on the year
Salesforce, Inc. (CRM) reported revenue of $6.7 billion for fiscal 2016, the year ended 31 January 2016, up 24.1% on the year before. Net income was -$47 million, and diluted earnings per share $-0.07. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2016.
Revenue
$6.7 billion
+24.1% on the year
FY2009FY2016
Operating margin
1.7%
-2.7% a year earlier
FY2009FY2016
Net income
-$47 million
FY2009FY2016
Diluted EPS
-$0.07
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
6,667
5,374
4,071
+24.1%
Cost of revenue
1,655
1,289
968
+28.3%
Gross profit
5,013
4,084
3,103
+22.7%
Gross margin
75.2%
76.0%
76.2%
Research and development
946
793
624
+19.3%
Operating income
115
-146
-286
Operating margin
1.7%
-2.7%
-7.0%
Interest expense
72.5
73.2
77.2
-1.0%
Pre-tax income
64.3
-213
-358
Income tax
112
49.6
-126
+125.2%
Effective tax rate
173.8%
n/a
n/a
Net income
-47.4
-263
-232
Net margin
-0.7%
-4.9%
-5.7%
Diluted EPS
-$0.07
-$0.42
-$0.39
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,672
1,181
884
+41.5%
Capital expenditure
284
290
299
-2.1%
Free cash flow
1,388
891
585
+55.7%
Free cash flow margin
20.8%
16.6%
14.4%
Cash from investing
-1,488
-698
-2,432
Cash from financing
73.2
-318
1,590
Depreciation and amortisation
526
448
369
+17.3%
Share-based compensation
594
565
503
+5.1%
Diluted shares, weighted
662m
624m
598m
+6.0%
Shares outstanding at period end
671m
651m
610m
+3.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,003
3,975
3,039
+25.9%
Redeemable equity
n/a
0.0
26.7
Debt
1,286
1,371
1,874
-6.2%
Other liabilities
6,482
5,308
4,214
+22.1%
Total liabilities and equity
12,771
10,654
9,153
+19.9%
Fixed assets
1,716
1,126
1,241
+52.4%
Goodwill
3,850
3,783
3,501
+1.8%
Intangible assets
490
632
771
-22.5%
Investments
2,951
982
539
+200.5%
Cash and equivalents
1,158
908
782
+27.6%
Receivables
2,496
1,906
1,361
+31.0%
Other assets
109
1,318
959
-91.7%
Total assets
12,771
10,654
9,153
+19.9%
10-K for the year ended 31 January 2016, filed 7 March 2016: the filing.