Salesforce.com Up 5% After Q4 Earnings

Leading cloud computing vendor Salesforce.com

released its fiscal fourth-quarter earnings results on Thursday after the closing bell. In late trading, the stock traded up around 5 percent as investors reacted to the news. Salesforce reported a net loss of $220.8 million or $0.14 per share, compared to a loss of $4.1 million or $0.03 per share, in last year's corresponding period. Non-GAAP net income rose to $77.7 million or $0.51 per share, versus $61.6 million or $0.43 per share, in last year's fourth-quarter. This easily beat consensus EPS estimates of $0.40. Sales rose 32 percent in the period to $834.68 million versus $631.91 million a year ago. This also beat Wall Street sales estimates of $830.85 million. Looking ahead to Q1, the company said that it expects to report a GAAP loss and non-GAAP earnings per share of $0.40 to $0.42. Revenue is expected to be between $882 million and $887 million. This compares to current analysts' consensus of $0.42 on revenue of $885.98 million. For the fiscal year, Salesforce guided for a GAAP net loss per share of $1.22 to $1.18 and non-GAAP earnings per share of $1.93 and $1.97. Analysts currently expect the company to earn $1.95 per share for the fiscal year. Revenue is expected to be between $3.82 billion and $3.87 billion, higher than the company's previous guidance of $3.80 billion to $3.85 billion. Analysts currently have consensus revenue estimates of $3.85 billion for Salesforce for fiscal 2014.