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Salesforce.com, inc. (CRM - Free Report) just released its fourth-quarter and full year fiscal 2018 financial results, posting adjusted earnings of $0.35 per share and revenues of $2.85 billion. Currently, Salesforce is a Zacks Rank #3 (Hold) and is down marginally to $115 per share in after-hours trading shortly after its earnings report was released.
CRM:
Beat earnings estimates. The company posted adjusted earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share.
Beat revenue estimates. The company saw revenue figures of $2.85 billion, topping our consensus estimate of $2.81 billion.
Salesforce’s fourth quarter sales surged 24% year-over-year, while the company’s full year revenues climbed by 25% to hit $10.48 billion.
Looking ahead to the first quarter of fiscal 2019, Salesforce expects to post adjusted earnings between $0.43 per share and $0.44 per share. The company upped its guidance for fiscal 2019 by $150 million and now expects sales to fall in a range between $12.60 billion and $12.65 billion.
Here’s a graph that looks at CRM’s Price, Consensus and EPS Surprise history:
Salesforce.com Inc Price, Consensus and EPS Surprise
Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand.
Check back later for our full analysis on CRM’s earnings report!
*A previous version of this article mentioned that Salesforce’s fourth quarter sales grew 21%. That figure has been corrected to represent Salesforce’s actual fourth quarter sales growth of 24%*
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Salesforce (CRM) Tops Q4 Earnings Estimates, Lifts Guidance
Salesforce.com, inc. (CRM - Free Report) just released its fourth-quarter and full year fiscal 2018 financial results, posting adjusted earnings of $0.35 per share and revenues of $2.85 billion. Currently, Salesforce is a Zacks Rank #3 (Hold) and is down marginally to $115 per share in after-hours trading shortly after its earnings report was released.
CRM:
Beat earnings estimates. The company posted adjusted earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share.
Beat revenue estimates. The company saw revenue figures of $2.85 billion, topping our consensus estimate of $2.81 billion.
Salesforce’s fourth quarter sales surged 24% year-over-year, while the company’s full year revenues climbed by 25% to hit $10.48 billion.
Looking ahead to the first quarter of fiscal 2019, Salesforce expects to post adjusted earnings between $0.43 per share and $0.44 per share. The company upped its guidance for fiscal 2019 by $150 million and now expects sales to fall in a range between $12.60 billion and $12.65 billion.
Here’s a graph that looks at CRM’s Price, Consensus and EPS Surprise history:
Salesforce.com Inc Price, Consensus and EPS Surprise
Salesforce.com Inc Price, Consensus and EPS Surprise | Salesforce.com Inc Quote
Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand.
Check back later for our full analysis on CRM’s earnings report!
*A previous version of this article mentioned that Salesforce’s fourth quarter sales grew 21%. That figure has been corrected to represent Salesforce’s actual fourth quarter sales growth of 24%*
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>