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Salesforce.com Q4 Earnings Beat Expectations Boosting Outlook

Salesforce.com Inc has reported strong fourth-quarter earnings, showing impressive growth in both revenue and EPS. This positive performance beats market expectations, likely driving stock prices upward.

Date: 
AI Rating:   7

Salesforce.com Inc has posted quarterly earnings reflecting a robust performance in its fourth quarter. The company reported a bottom line of $1.708 billion, which marks an increase from $1.446 billion year-over-year. Additionally, the earnings per share (EPS) rose significantly from $1.47 to $1.75, exceeding analysts' expectations of $2.61 per share.

The revenue growth stands out as well, with a reported increase of 7.6% year-over-year, jumping from $9.287 billion to $9.993 billion. Such growth indicates strong operational performance and consumer demand for Salesforce's products.

Looking ahead, the company has provided guidance for the next quarter, estimating EPS between $2.53 - $2.55 and revenue guidance between $9.71 - $9.76 billion. This forecast, while slightly lower than the current quarter's performance, suggests ongoing growth and stabilization in revenues.