SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce.com Inc. (CRM) on Wednesday reported fiscal fourth-quarter net income of $1.45 billion.
The San Francisco-based company said it had net income of $1.47 per share. Earnings, adjusted for one-time gains and costs, were $2.29 per share.
The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The customer-management software developer posted revenue of $9.29 billion in the period, also topping Street forecasts. Fourteen analysts surveyed by Zacks expected $9.21 billion.
For the year, the company reported profit of $4.14 billion, or $4.20 per share. Revenue was reported as $34.86 billion.
For the current quarter ending in April, Salesforce.com expects its per-share earnings to range from $2.37 to $2.39.
The company said it expects revenue in the range of $9.12 billion to $9.17 billion for the fiscal first quarter.
Salesforce.com expects full-year earnings in the range of $9.68 to $9.76 per share, with revenue ranging from $37.7 billion to $38 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRM at https://www.zacks.com/ap/CRM