Enteprise and cloud software vendor Salesforce.com (CRM) this afternoon reported fiscal Q4 revenue and profit ahead of expectations, forecast this quarter’s revenue ahead of consensus, but projected this year’s profit per share below expectations.
Revenue in the three months ended in January rose 38%, year over year, to $632 million, yielding EPS of 43 cents. On a GAAP basis, the company lost 3 cents per share.
Analysts had been modeling $624 million and 40 cents a share.
The company said deferred revenue rose 48%, year over year, to $1.38 billion. The company’s “un-billed deferred revenue” rose 47% to $2.2 billion.
For the current quarter, the company sees revenue of $673 million to $678 million, and EPS of 33 cents to 34 cents. That is higher than the average revenue estimate of $663 million, but below the consensus 36-cent EPS estimate.
For the year, the company raised its revenue outlook to a range of $2.92 billion to $2.95 billion, up from a prior forecast for R$2.88 billion to $2.92 billion. Salesforce also raised its EPS estimate for the year to a range of $1.58 to $1.62 a share, up from the prior $1.32 to $1.33.
The new outlook is above the Street consensus for $2.91 billion in revenue, but below the average estimate of $1.63 per share in profit.
Shares of Salesforce are up $6.73, or 5%, at $10.43.
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