UPDATE: Salesforce.com Q4 Profit Meets Estimates, Shares Jump

Shares of

jumped more than 8% in after-hours trading after the company reported in-line earnings for the fourth quarter. The San Francisco, California-based company posted a quarterly net loss of $65.8 million, or $0.10 per share, versus a year-ago loss of $116.6 million, or $0.19 per share. Its adjusted earnings came in at $0.14 per share for the latest quarter. Its revenue climbed 26% to $1.44 billion. However, analysts were expecting a profit of $0.14 per share on revenue of $1.44 billion. Subscription and support revenue climbed 25% y/y to $1.35 billion, while professional services and other revenue jumped 41% to $99 million in the quarter. Cash generated from operations rose 22% to $332 million in the quarter. "Salesforce delivered yet another year of exceptional growth, with revenue, deferred revenue and operating cash flow all growing more than 30%, while exceeding our expectations in non-GAAP operating margin improvement," said Marc Benioff, Chairman and CEO, Salesforce. For the first quarter, Salesforce.com expects adjusted earnings of $0.13 to $0.14 per share on revenue of $1.485 to $1.505 billion. Analysts had projected earnings of $0.15 per share on revenue of $1.5 billion. The company projects FY adjusted earnings of $0.67 to $0.69 per share on revenue of $6.475 billion to $6.520 billion. Analysts expected earnings of $0.69 per share on revenue of $6.5 billion. Salesforce.com shares jumped 8.68% to $68.33 in after-hours trading.