Salesforce posts an all-around beat for its earnings, but investors aren't thrilled
Advertisement
Justin Sullivan/Getty Images
Advertisement
Salesforce reported:
- Q4 Adj. EPS of $0.28, versus expectations of $0.25 - that's a beat
- Sales of $2.29 billion versus estimates of $2.28 billion - another beat.
It also reported deferred revenue (revenue that has been paid but not yet earned) of $5.54 billion, up 29% year-over-year.
And the all-important unbilled deferred revenue (or revenue that is under contract but not yet billed) is about $9.0 billion, up 27% year over year.
Salesforce predicts that its FY18 will be $10.15 billion to $10.20 billion. Analysts were looking for $10.15 billion.
Advertisement
Even with all this good news, the stock was down slightly, less than 2%.
Here's the full press release.
Advertisement
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver