Salesforce.com has announced its fourth-quarter earnings with revenues of $835 million, up 32%, compared to last year. Non-GAAP earnings per share were 51 cents. Financial analysts had expected revenues ranging from $825 million to $830 million. EPS was estimated to come in at 40 cents.
For the full fiscal year 2013, the company reported revenue of $3.05 billion, an increase of 35% from the prior year.
Salesforce.com is reporting that revenue for the company’s first fiscal quarter is projected to range between $882 million to $887 million, an increase of 27% to 28% year-over-year. Revenue for the company’s full fiscal year 2014 is projected to be in the range of $3.82 billion to $3.87 billion, an increase of 25% to 27% year-over-year.
For the company’s full fiscal year 2014, non-GAAP EPS is expected to be in the range of $1.93 to $1.97.
(More about the Salesforce.com earnings to come as information becomes available.)
Salesforce is an enterprise cloud computing company that provides business software on a subscription basis. The company is best known for its on-demand Customer Relationship Management (CRM) solutions. Salesforce was founded in 1999 by former Oracle executive Marc Benioff, and went public in June 2004. Salesforce has been a pioneer in developing enterprise platforms through its innovative AppExchange directory of on-demand applications, and its Force.com “Platform as a Service” (PaaS) API for extending Salesforce.