SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce, Inc. (CRM) on Wednesday reported fiscal fourth-quarter earnings of $1.94 billion.
The San Francisco-based company said it had profit of $2.07 per share. Earnings, adjusted for one-time gains and costs, came to $3.81 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.03 per share.
The customer-management software developer posted revenue of $11.2 billion in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $11.17 billion.
For the year, the company reported profit of $7.46 billion, or $7.80 per share. Revenue was reported as $41.53 billion.
For the current quarter ending in April, Salesforce expects its per-share earnings to range from $3.11 to $3.13.
The company said it expects revenue in the range of $11.03 billion to $11.08 billion for the fiscal first quarter.
Salesforce expects full-year earnings in the range of $13.11 to $13.19 per share, with revenue ranging from $45.8 billion to $46.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRM at https://www.zacks.com/ap/CRM
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