Benioff Now Sole Salesforce CEO as 3rd Quarter Proves Strong

The category that includes platforms, such as Slack, reported $1.51 billion in sales, an 18% increase year-over-year.

Claudia Adrien

December 1, 2022

1 Min Read
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‘Solid’ is how Salesforce described its third quarter fiscal 2023 earnings. That wouldn’t be inaccurate, as revenue of $7.84 billion was up 14% year-over-year.

Co-CEO Bret Taylor also announced that he is stepping down. This leaves Salesforce co-founder and chairman Marc Benioff, who also served as co-CEO, as head of the company.

Salesforce stock fell by 6% in extended trading on Wednesday, though its price was climbing back up midday Thursday ET.

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Salesforce’s Marc Benioff

“We had a solid quarter with revenue,” Benioff said. “We’re grateful to our customers for their commitment, especially as we help them succeed in this challenging environment. There’s never been a more important time for our customers to connect with their customers in a whole new way.”

Officials said Salesforce was continuing to drive profitable growth in the quarter, closing more transformational deals and multicloud expansions. Amy Weaver is president and CFO at Salesforce.

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Salesforce’s Amy Weaver

“We delivered another quarter of double-digit top and bottom-line growth,” Weaver said. “In this time of economic uncertainty, we remain committed to profitable growth and consistent operating margin expansion.”

Subscription and support revenues were $7.23 billion, an increase of 13% year-over-year. The category that includes platforms such as Slack, which it bought last year, reported $1.51 billion in sales, an 18% increase year-over-year.

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About the Author

Claudia Adrien

Claudia Adrien is a reporter for Channel Futures where she covers breaking news. Prior to Informa, she wrote about biosecurity and infectious disease for a national publication. She holds a degree in journalism from the University of Florida and resides in Tampa.

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