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Salesforce.com, inc. (NYSE: CRM) posted fourth-quarter earnings that were in line with analysts’ expectations.
Shares were up more than 13 percent in Thursday's premarket.
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In its conference call Marc Benioff, Salesforce.com chairman and CEO, remarked that salesforce.com is the fastest company to reach $5 billion in annual revenue.
Benioff also discussed the company’s results and future outlook with Jim Cramer on CNBC.
Fastest To $10 Billion
When Cramer asked if salesforce.com is on its way to be the fastest company to reach $10 billion in annual revenue, Benioff replied, "Jim, number one, we just finished an unbelievable fiscal year - 32 percent growth, we are the fastest to $5 billion for software. It's unbelievable, but Jim our guidance next quarter - we are going to be the fastest to $6 billion."
"And you are right Jim it is absolutely my dream and I am dedicated to be in the fastest to $10 billion and anyone can see that. Look at the deferred revenue number, look at the amount that's already on the balance sheet that is not yet build. It's amazing."
Currency Headwinds Don't Matter
Cramer mentioned that in stark contrast to other companies, salesforce.com didn't disappoint on its earnings even after facing currency headwinds, to which Benioff said, "Jim, we just gave this amazing guidance for the next year, over $6.5 billion. That includes $200 million in foreign exchange headwind. We would be growing even faster if it wasn't for the currency, but we are going to grow right through that, it doesn't matter to us."
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.