By Yasin Ebrahim
Investing.com -- Salesforce reported Wednesday fourth-quarter results that topped expectations and guidance ahead of estimates
Salesforce Inc (NYSE:CRM) shares gained 9% in after-hours trade following the report.
Salesforce.com announced EPS of $1.68 on revenue of $8.38 billion. Analysts polled by Investing.com anticipated EPS of $1.36 on revenue of $8B.00.
Subscription and support revenues for the quarter were $7.79B, an increase of 14% year-over-year.
Professional services and other revenues for the quarter were $0.60 billion, an increase of 19% year-over-year.
Looking ahead, the company said it expected to generate first-quarter EPS of $1.60 to $1.61 on revenue in the range of $8.16B to $8.18B. That was well ahead of forecasts for EPS of $1.31 on revenue of $8.03B.
Full-year 2024 guidance on EPS was $7.12 to $7.14 on revenue between $34.5B to $34.7B.