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UPDATE: Salesforce Rises After Q4 Results

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UPDATE: Salesforce Rises After Q4 Results
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Salesforce (NYSE: CRM) is up less than one percent in after hours trading after the company announced its fourth quarter results.

The firm reported a Q4 EPS of $0.07 versus the Street estimate of $0.06.

Revenue arrived at $1.15 billion versus the Street estimate of $1.13 billion. Sales were up 38 percent year-over-year.

"I'm delighted to announce that we are raising our fiscal year 2015 revenue guidance by $100 million, to reach $5.3 billion, which is a full year growth rate of 30% at the high end of our range," salesforce.com Chairman and CEO Marc Benioff said in a company release.

Salesforce said that it expects to report a Q1 EPS of $0.09 - $0.10, which is roughly inline with the Street estimate of $0.10.

First quarter revenue should be between $1.205 billion and $1.210 billion, which is lightly above the Street estimate of $1.19 billion.

Salesforce's FY2015 sales expectation is between $5.25 billion and $5.30 billion versus the Street estimate of $5.21 billion.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

Posted-In: Marc Benioff SalesforceEarnings News Tech

 

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