fbpx

YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Salesforce Beats Q4 Revenue Estimates, Raises Outlook For April Quarter – $CRM $DIA

By John F. Heerdink, Jr.

The enterprise software maker, Salesforce released Q4 earnings, reporting a revenue increase of 26% to $7.33 billion, including $312 million from Slack. A year earlier, Salesforce earnings were $1.04 a share, including investment gains, on sales of $5.82 billion. Salesforce earnings dropped 19% to 84 cents on an adjusted basis. 

The enterprise software maker said current remaining performance obligations, or CRPO bookings, increased 22% to $22 billion, exceeding analyst estimates of $21.42 billion.  The company expects revenue from $7.37 billion to $7.38 billion above estimates of $7.27 billion for the current April quarter and forecast earnings in a range of 93 cents to 94 cents per share below estimates of $1 a share for CRM. 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: Salesforce Stock Climbs As Earnings, Revenue Top Estimates in Investor's Business Daily)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us