Salesforce is sliding despite its earnings beat
Here are the numbers:
- Q4 revenue climbed 27% year-over-year to $2.29 billion ($2.28 billion expected)
- 2016 revenue jumped 26% YoY to $8.39 billion
- Q4 EPS of $0.28 ($0.25 expected)
With regards to fiscal year 2018, Keith Block, vice chairman, president and COO of Salesforce, said in a press release that Salesforce expects to "deliver more than $10 billion in revenue--reaching that milestone faster than any enterprise software company in history. No other software company of our size and scale is growing at this rate."
For its full-year 2018 guidance, the company projects revenue of $10.15 billion to $10.20 billion, an increase of 21%-22% YoY.
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas