Salesforce Adj. EPS In Line, Lifts FY Sales Guidance; Stock Jumps 9%

(RTTNews) - Cloud computing company Salesforce.com inc (CRM) on Wednesday reported net loss of $65.77 million or $0.10 per share for the fourth quarter of fiscal 2015. This compares with a loss of $116.6 million or $0.19 per share last year.

Excluding stock-based compensation expense, amortization charges and other one-time items, adjusted earnings for the quarter were $0.14 per share compared with $0.07 per share a year ago.

Salesforce.com, which competes with Oracle Corp and Sap AG, said its revenues for the quarter rose 26% to $1.44 billion from $1.15 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.14 per share on revenues of $1.44 billion for the quarter. Analysts' estimates typically exclude special items.

Total expenses for the quarter rose to $1.12 billion from $975.46 million in the prior year.

"Salesforce delivered yet another year of exceptional growth, with revenue, deferred revenue and operating cash flow all growing more than 30%," said CEO Marc Benioff. "... now it's our goal to be the fastest to reach $10 billion."

For the first quarter of fiscal 2016, the company expects adjusted earnings of $0.13 to $0.14 per share on revenues of $1.49 billion to $1.51 billion. Analysts expect earnings of $0.15 per share on revenues of $1.50 billion.

For the full year 2016, the company expects adjusted earnings of $0.67 to $0.69. Revenues are now expected in the range of $6.48 billion to $6.52 billion, up from prior guidance of $6.45 billion to $6.5 billion.

Analysts expect earnings of $0.69 per share on revenues of $6.50 billion for 2016.