Salesforce’s fourth quarter revenues improved 24.5% to $2.85 billion aided by impressive performance from its subscription and support services.
The company’s profit came in at $67.6 million compared to a loss of $51.4 million reported in the prior year period. GAAP earnings stood at $0.09 per share. On a non-GAAP basis, EPS improved 25% to $0.35.
Deferred revenue increased 28% to $7.09 billion, while unbilled deferred revenue jumped 48% touching $13.3 billion. On a regional basis, Americas contributed 72% to the top line for the fourth quarter, while Europe and Asia Pacific brought in 19% and 9% respectively.
Guidance
For the first quarter of 2019, revenue is expected in the range of $2.925 billion to $2.935 billion, GAAP earnings between $0.09 and $0.10 per share, and non-GAAP EPS to be in the range of $0.43 to $0.44.
For the fiscal year 2019, the company expects its sales to come in between $12.6 billion and $12.65 billion. On a per share basis, GAAP earnings is targeted between $0.61 and $0.63, while non-GAAP earnings is expected in the range of $2.02 to $2.04.
Most Popular
DAL Earnings: All you need to know about Delta Air Lines’ Q1 2025 earnings results
Delta Air Lines (NYSE: DAL) reported its first quarter 2025 earnings results today. Operating revenue increased 2% year-over-year to $14 billion. Net income was $240 million, or $0.37 per share,
Deals and R&D in focus as Johnson & Johnson gears up for Q1 earnings
For Johnson & Johnson (NYSE: JNJ), investments in its pipeline and exiting lower priority businesses remain central to its strategy in the new fiscal year. The healthcare behemoth is in
Earnings preview: What to expect when these major banks report Q1 2025 results
The leading players in the banking industry are set to report their earnings results for the first quarter of 2025 over this week and the next. While majors JPMorgan Chase
