When discussing Salesforce net worth, it’s essential to consider the company’s strategic acquisitions and financial performance.
In 2024, Salesforce continues to grow through successful acquisitions, such as Slack, driving its overall valuation.
This article explores how these key factors have contributed to Salesforce’s strong financial standing. Written by Ando Money, we’ll dive deep into the financial performance of this cloud giant.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Salesforce, Inc. |
| Full Name | Salesforce, Inc. |
| Website | www.salesforce.com |
| Industry | Cloud Computing, SaaS |
| Traded as | NYSE: CRM, DJIA, S&P 500 |
| ISIN | US79466L3024 |
| Founded | February 1999 |
| Founders | Marc Benioff, Parker Harris, Dave Moellenhoff, Frank Dominguez |
| Country/Territory | United States |
| Headquarters | San Francisco, California |
| Chief Executive Officer | Marc Benioff |
| Number of Employees | 72,682 (2024) |
| Market Cap | $275.42 Billion (2024) |
| Total Assets | $99.82 Billion (2024) |
| Total Equity | $57.63 Billion (2024) |
| Revenue | $34.86 Billion (2024) |
| Net Income | $4.14 Billion (2024) |
What is the Net Worth/Market Cap Of Salesforce in 2024?
As of 2024, Salesforce’s market cap is approximately $275.42 billion, ranking it as one of the most valuable companies globally.
This impressive valuation is largely driven by its continued revenue growth, strategic acquisitions, and expansion into new technologies such as artificial intelligence.
Compared to other competitors and partners, Salesforce maintains a dominant position in the tech industry. Here’s a list of companies closely related to Salesforce’s market sector:
- SAP
- Oracle
- Slack
- Tableau
- MuleSoft
- Meta Platforms
- Microsoft
- Amazon Web Services (AWS)
- Google Cloud
If you’re curious to explore more about the wealthiest companies in the world, check out this comprehensive list.
Salesforce Financial Performance Overview
Revenue Growth and Key Drivers
Salesforce’s revenue growth has been consistent, reaching $34.86 billion in 2024. This growth stems primarily from its Subscription and Support services, which contribute over $8.76 billion quarterly.
The company’s expansion into new markets, enhanced by its acquisitions, has led to a diversification of revenue streams.
Another key factor is the continued demand for its cloud-based CRM services, which are widely adopted across various industries.
Key Acquisitions and Their Financial Impact
One of Salesforce’s most significant financial moves has been the acquisition of Slack Technologies for $27.7 billion.
This acquisition has boosted the company’s capabilities in the collaboration software market, adding a new revenue stream.
Additionally, the acquisitions of Tableau and MuleSoft have significantly contributed to Salesforce’s data visualization and integration services, enhancing its product offerings and driving further growth.
Operational Efficiency and Profitability
Salesforce’s operating efficiency continues to improve, with a GAAP operating margin of 19.1% in Q2 2024, while its non-GAAP operating margin reached 33.7%.
These margins reflect the company’s disciplined cost management and its strategic investment in profitable acquisitions.
Salesforce’s stock-based compensation and restructuring costs have been accounted for, but they haven’t significantly impacted its profitability, indicating strong operational health.
Geographic Revenue Distribution
Salesforce generates revenue globally, with the Americas contributing the largest share.
In 2024, $6.20 billion came from the Americas, followed by $2.18 billion from Europe, and $940 million from Asia Pacific.
The company’s revenue has benefited from steady growth in all regions, despite fluctuations in currency exchange rates.
Salesforce’s Financial Commitments and Investments
Salesforce’s commitment to returning value to shareholders is evident through its $4.3 billion share repurchase program and $0.4 billion in dividend payouts.
Additionally, the company’s venture arm, Salesforce Ventures, continues to make strategic investments in startups, further expanding its influence in the tech ecosystem.
Cash Flow and Liquidity
Cash flow remains robust for Salesforce. The company generated $0.89 billion in operating cash flow during Q2 2024, marking a 10% year-over-year increase.
Its free cash flow also saw a significant increase, reaching $0.76 billion, thanks to efficient capital expenditures and strong asset management.
Remaining Performance Obligations and Future Contracts
Salesforce’s Remaining Performance Obligations (RPO), which represent contracted revenue yet to be recognized, stood at $53.5 billion as of Q2 2024.
This includes both current and noncurrent obligations, providing a clear view of the company’s future revenue potential.
The continuous rise in RPO signals strong customer retention and new contracts being signed, ensuring steady revenue growth in the coming years.
FAQs About Salesforce
How many employees does Salesforce have in 2024?
It employs 72,682 people globally as of 2024, contributing to its massive scale in the tech industry.
What are Salesforce’s main revenue streams?
Its primary revenue comes from Subscription and Support services, with additional revenue from Professional Services and Other offerings.
What is Salesforce’s operating margin in 2024?
Its GAAP operating margin is 19.1% in Q2 2024, with a non-GAAP margin of 33.7%.
How much did Salesforce generate in cash flow?
In Q2 2024, it generated $0.89 billion in operating cash flow, an increase of 10% year-over-year.
What are Salesforce’s total assets in 2024?
Its total assets in 2024 amounted to $99.82 billion.
Conclusion
Salesforce’s impressive financial performance is a testament to its strategic growth and strong business fundamentals.
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