Salesforce announced strong Fiscal '22 year end results
In fiscal 2022, Salesforce announced a staggering 25.0% increase in year over year revenue to reach $26.5 billion on the back of strong demand fueled by remote work and rebounds in general economic activity since the bottom of the Coronavirus (COVID-19) induced contraction. Due to the continue trends of remote work, the company expected to exhibit strong revenue growth in fiscal '23, projecting 22.0% growth to reach a purported $32.0 billion.
CompetitionIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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