© Reuters.

Investing.com – Salesforce.com (NYSE:) reported fourth-quarter that beat analysts’ expectations on Monday and revenue that topped forecasts, but shares fell on soft guidance.

The company reported earnings per share of 70 cents a share on revenue of $3.6 billion. Analysts polled by Investing.com forecast EPS of 55 cents on revenue of $3.56 billion. Earnings were up 100% from a year ago’s earnings of 35 cents. Revenue was up 26.3% from a year ago’s $2.85 billion.

Despite such robust results, Salesforce.com shares lost 2.5% after hours to $156.99.

The company offered lower-than-expected guidance for earnings and revenue for the fiscal first quarter, with earnings projected at 60 to 61 cents a share, while revenue is projected at $3.67 billion to $3.68 billion. S&P Capital Insight had been expecting slightly higher numbers on earnings and revenue.

Salesforce.com is a major player in the software-as-a-service business (SaaS), providing tools for companies to track their sales and marketing results. Revenue has been growing steadily at 26% or so annually since 2014, according to S&P Capital Insight.

At the close today shares were up 15.6% on the year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link