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
AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard