Salesforce (CRM) Revenue Q4 2021 – tech2.org

Salesforce (CRM) Revenue Q4 2021


Salesforce Co-CEO Marc Benioff speaks at the Salesforce Tower grand opening in San Francisco in May 2018.

David Paul Morris | Bloomberg | fake images

Shares of Salesforce fell as much as 4% in extended trading on Thursday after the business software company released earnings that exceeded analyst estimates, but Salesforce fell short in its full-year earnings forecast as it has consider the implications of purchasing team communication. Slack app.

Here’s how the company did it:

  • Profits: $ 1.04 per share, adjusted, compared to 75 cents a share as expected by analysts, according to Refinitiv.
  • Income: $ 5.82 billion, compared to $ 5.68 billion as analysts expected, according to Refinitiv.

The company reported 20% year-over-year revenue growth in the fourth quarter of the company’s fiscal 2021, which ended on January 31, according to a statement. In the previous quarter, revenues grew 20%.

While the revenue guidance for the full fiscal year 2022 beat estimates, the earnings guidance was soft.

For the full year, which would include the impact of Slack, the company requested $ 3.39 to $ 3.41 in adjusted earnings per share on $ 25.65 billion to $ 25.75 billion in revenue. That includes $ 600 million in revenue from Slack. Analysts surveyed by Refinitiv had anticipated $ 3.49 in adjusted earnings per share and $ 25.42 billion in revenue.

Salesforce sees 88 cents to 89 cents in fiscal first quarter adjusted earnings per share over $ 5.875 billion to $ 5.885 billion in revenue. Analysts polled by Refinitiv expected adjusted earnings of 76 cents a share on $ 5.72 billion in revenue.

In the fourth fiscal quarter, Salesforce generated $ 1.36 billion in subscription and support revenue from its key product Sales Cloud to track sales opportunities, translating to annualized growth of approximately 11%, compared to 12% from the previous quarter. Acquisitions have helped Salesforce expand over the years, and the Tableau data visualization software that Salesforce purchased in 2019 contributed to the $ 1.81 billion in Salesforce subscription and support revenue from Platform and other products. , an increase of 26% and an acceleration of 24% in the previous quarter.

In December, Salesforce said it planned to acquire Slack for more than $ 27 billion. Salesforce said it expects to close the deal by the end of the quarter ending July 31. Also in the quarter, Salesforce announced the Vaccine Cloud, a tool that government agencies and businesses can use to manage the deployment of coronavirus vaccines.

Salesforce had $ 18 billion in current performance obligations remaining at the end of the quarter, an increase of 20%. Analysts surveyed by FactSet expected 16% growth, and the growth rate was 20% in the prior quarter.

Shares of Salesforce have risen 4% since early 2021, while the S&P 500 Index is up about 2%.

Executives will hold a conference call with analysts to discuss the results beginning at 5 pm ET.

This is a news flash. Please check the updates.

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