salesforce.com (CRM) Tops Q4 EPS by 1c, FY EPS Guidance Tops Views

(Updated - February 28, 2018 4:11 PM EST)

(Updated - February 28, 2018 4:08 PM EST)

salesforce.com (NYSE: CRM) reported Q4 EPS of $0.35, $0.01 better than the analyst estimate of $0.34. Revenue for the quarter came in at $2.85 billion versus the consensus estimate of $2.81 billion.

"We had an outstanding quarter of growth that propelled Salesforce over the $10 billion revenue milestone for the year," said Marc Benioff, chairman and CEO, Salesforce. "No other enterprise software company has achieved this scale faster than Salesforce. Our relentless focus on customer success continues to strengthen our position as the global leader in CRM."

Deferred revenue on the balance sheet as of January 31, 2018 was $7.09 billion, an increase of 28% year-over-year, and 25% in constant currency. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the fourth quarter at approximately $13.3 billion, up 48% year-over-year.

GUIDANCE:

salesforce.com sees FY2019 EPS of $2.02-$2.04, versus the consensus of $1.74. salesforce.com sees FY2019 revenue of $12.6-12.65 billion, versus the consensus of $12.55 billion.

• Q1 FY19 Guidance: Revenue is projected to be $2.925 billion to $2.935 billion, an increase of 23% year-over-year.
• GAAP diluted earnings per share is projected to be $0.09 to $0.10, while non-GAAP diluted earnings per share is projected to be $0.43 to $0.44.
• On balance sheet deferred revenue growth is projected to be 23% to 24% year-over-year.

(Street sees Q1 EPS of $0.37 on revenue of $2.9 billion)

For earnings history and earnings-related data on salesforce.com (CRM) click here.

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