Categories Earnings, Technology

Salesforce Q4 2018 earnings snapshot

Salesforce’s fourth quarter revenues improved 24.5% to $2.85 billion aided by impressive performance from its subscription and support services.

The company’s profit came in at $67.6 million compared to a loss of $51.4 million reported in the prior year period. GAAP earnings stood at $0.09 per share. On a non-GAAP basis, EPS improved 25% to $0.35.

Deferred revenue increased 28% to $7.09 billion, while unbilled deferred revenue jumped 48% touching $13.3 billion. On a regional basis, Americas contributed 72% to the top line for the fourth quarter, while Europe and Asia Pacific brought in 19% and 9% respectively.

Guidance

For the first quarter of 2019, revenue is expected in the range of $2.925 billion to $2.935 billion, GAAP earnings between $0.09 and $0.10 per share, and non-GAAP EPS to be in the range of $0.43 to $0.44.

For the fiscal year 2019, the company expects its sales to come in between $12.6 billion and $12.65 billion. On a per share basis, GAAP earnings is targeted between $0.61 and $0.63, while non-GAAP earnings is expected in the range of $2.02 to $2.04.

Salesforce fourth quarter 2018 earnings

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top