Salesforce.com, Inc. (CRM) Q4 2019 Earnings Conference Call Transcript
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Salesforce.com, Inc. (NYSE: CRM)
Q4 2019 Earnings Conference Call
March, 4, 2019, 5:00 p.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Operator

Good day, ladies and gentlemen. And thank you for standing by. And welcome to the Salesforce Q4 and fiscal year '19 earnings conference call. At this time, all participants are in a listen-only mode. Following management's prepared remarks, we will host a question and answer session. And our instructions will be given at that time. If during the conference today, you require operator assistance, press * then 0, and a operator will be happy to assist you. As a reminder, this conference call is being recorded for replay purposes. It is now my pleasure to hand the conference over to John Cummings, Senior Vice President of Investor Relations. Sir, you may begin.

John Cummings -- Senior Vice President, Investor Relations

Thanks so much, Brian. Good afternoon, everyone. And thanks for joining us for our fiscal fourth quarter and full year 2018 results conference call. Our results press release, SEC filings, and a replay of today's call can be found on our IR website at salesforce.com/investor. With me on the call today is Marc Benioff, Chairman and co-CEO; Keith Block, co-CEO; Mark Hawkins, President and CFO; and Bret Taylor, President and Chief Product Officer.

As a reminder, our commentary today will primarily be in non-GAAP terms. Reconciliations between our GAAP and non-GAAP results and guidance can be found in our earnings press release. Some of our comments today may contain forward-looking statements which are subject to risks, uncertainties, and assumptions. Should any of these materialize or should our assumptions prove to be incorrect, actual company results could differ materially from these forward-looking statements. A description of these risks, uncertainties and assumptions and other factors that could affect our financial results are included in our SEC filings, including our most recent report on Form 10-K. So, with that, let me turn the call to you, Marc.

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Marc Benioff -- Chairman and Co-Chief Executive Officer

Thank you, John. And thank you, everybody, for being on the call today. As you can see from our results, Q4 topped off another record year for Salesforce. Revenue in the quarter rose to more than $3.6 billion, up 27% in constant currency. Truly amazing for a company of our size. And for the full year, we delivered more than $13.2 billion in revenue, making Salesforce the fastest enterprise software company ever to reach $13 billion. Based on our outstanding fiscal year '19 results, we're raising our fiscal year '20 revenue guidance to $16.05 billion at the high end of the range, representing 21% projected growth year-over-year. And we expect this incredible growth to continue which is why we're now initiating a revenue target for fiscal year '23 of $26 to $28 billion, organically doubling our revenue again in the next four years. I've never been more excited about the opportunity ahead for Salesforce. Around the world, more and more companies are investing in their digital transformations which start and end with the customer.