salesforce.com, inc. (NYSE:CRM) reported upbeat earnings and sales for its fourth quarter, but issued weak first-quarter earnings and sales guidance.
The San Francisco-based CRM reported fourth-quarter revenue of $3.60 billion, up 26% Year-Over-Year, 27% in Constant Currency. Full-year revenue proved $13.28 billion, up 26% year-over-year, 26% in Constant Currency.
Fourth-quarter operating cash flow was $1.33 billion, up 27% Year-Over-Year, while full-year operating cash flow of $3.40 billion, up 24% Year-Over-Year.
Fourth-quarter GAAP diluted earnings per share was $0.46, and non-GAAP diluted earnings per share was $0.70. GAAP diluted earnings per share benefited by $0.17 related to the net benefit of tax adjustments.
CEO Marc Benioff said, "We had another year of outstanding revenue growth, surpassing $13 billion in revenue faster than any other enterprise software company in history.
"As companies of all sizes turn to salesforce, we're enabling them to put the customer at the center of their digital transformation through our intelligent Customer 360 platform. I've never been more excited about the opportunity ahead."
For the full fiscal year 2020, the company is raising its revenue guidance previously provided last November, and is initiating earnings per share guidance and operating cash flow growth guidance.
salesforce, the global leader in CRM, empowers companies to connect with their customers in a whole new way.
Shares squeezed up 14 cents to $158.64
Tech Insider
