/// Salesforce Soundly Beats Earnings Expectations for Q4
Salesforce.com just announce earnings that beat the expectations of the street, and its shares are soaring in after-hours trading. Sales were $835 million, up 32 percent over the year-ago period and were well ahead of the $831 million that had been the consensus expectation of Wall Street analysts. Earnings per share on a non-GAAP basis were 51 cents, 11 cents above the consensus of 40 cents. On an old-school GAAP basis, like most cloud companies, Salesforce lost $20.8 million or 14 cents a share. Salesforce shares rose by more than $6 or nearly 4 percent in after-hours trading. The company also finished its fiscal year with more than $3 billion in sales, a goal that CEO Marc Benioff (pictured) had set last year. Here’s Salesforce’s original announcement: Salesforce.com Announces Fiscal 2013 Fourth Quarter and Full Year Results – Quarterly Revenue of $835 Million, up 32% Year-Over-Year – Full Year Revenue of $3.05 Billion, up 35% Year-Over-Year – Deferred Revenue of $1.86 Billion, up 35% Year-Over-Year – Unbilled Deferred Revenue Increases to Approximately $3.5 Billion – Full Year Operating Cash Flow of $737 Million – Raises FY14 Revenue Guidance to $3.82 – $3.87 Billion – Initiates FY14 Non-GAAP EPS Guidance of $1.93 – $1.97 SAN FRANCISCO, Feb. 28, 2013 /PRNewswire/ — Salesforce.com (CRM), the enterprise cloud computing (http://www.salesforce.com/cloudcomputing/) company, today announced results for its fiscal fourth quarter and full fiscal year ended January 31, 2013. “Salesforce.com had a spectacular finish to its fiscal year.
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Salesforce Soundly Beats Earnings Expectations for Q4