Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018.
David Paul Morris | Bloomberg | Getty Images
Shares of Salesforce fell as much as 4% in expanded trading on Thursday after the enterprise software company issued profits that exceeded analysts ’estimates, but Salesforce exceeded full-year earnings forecasts as it has consider the implications of purchasing computer communication. Slack application.
Here’s how the company did it:
- Earnings: $ 1.04 per share, adjusted, against 75 cents per share, as analysts expected, according to Refinitiv.
- Income: $ 5.82 million, up from $ 5,688 million as expected by analysts, according to Refinitiv.
According to a statement, the company recorded revenue growth of 20% year-on-year in the fourth quarter of the company’s 2021 fiscal year, which ended Jan. 31. In the previous quarter, revenue grew 20%.
Although the revenue guidelines for the full year 2022 exceeded estimates, the profit guidelines were smooth.
Throughout the year, which would include the impact of Slack, the company reported adjusted earnings per share of $ 3.39 to $ 3.41 for revenue of $ 25.65 to $ 25.75 million. This includes $ 600 million in Slack revenue. Analysts surveyed by Refinitiv had anticipated $ 3.49 in adjusted earnings per share and $ 25.42 million in revenue.
Salesforce posted an adjusted earnings per share of 88 cents to 89 cents during the first fiscal quarter, with revenue of $ 5.875 billion to $ 5.885 billion. Analysts surveyed by Refinitiv had expected adjusted earnings of 76 cents per share with $ 5.7 billion in revenue.
In the fourth fiscal quarter, Salesforce generated $ 1.366 billion in subscriptions and earned revenue from its key Sales Cloud product to track potential sales customers, resulting in approximately 11% annualized growth , compared to 12% in the previous quarter. Acquisitions have helped Salesforce expand over the years, and Tableau’s data visualization software that Salesforce purchased in 2019 contributed $ 1.8 billion in salesforce subscription and support revenue for products and platforms and more. products, 26% more and acceleration of 24% in the previous quarter.
In December, Salesforce said it planned to acquire Slack for more than $ 27 billion. Salesforce said it expects to close the deal by the end of the quarter that will end on July 31st. Also in the quarter Salesforce announced Vaccine Cloud, a tool that government agencies and companies can use to manage the deployment of coronavirus vaccines.
Salesforce had $ 18 billion in current outstanding performance bonds at the end of the quarter, up 20%. Analysts surveyed by FactSet expected 16% growth and a 20% growth rate in the previous quarter.
Salesforce shares have risen 4% since early 2021, while the S&P 500 index has risen about 2%.
Executives will hold a conference call with analysts to discuss the results starting at 5 p.m., Eastern Time.
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