Salesforce (NYSE: CRM) recently announced its fourth quarter results that continued to surpass market expectations. However, the disappointing outlook sent the stock slipping 2% in the after-hours trading session. Salesforce's Financials Salesforce's revenues for the third quarter grew 11% to $9.29 billion, ahead of analyst estimates of $9.22 billion. Adjusted earnings of $2.29 per share were better than the market's forecast of $2.26 per share. By segment, Subscription and support revenues grew 12% to $8.75 billion. Professional services and other revenues fell 9% to $0.54 billion. Current remaining performance obligations grew 12% to $27.6 billion, better than the outlook of $27.09 billion. Its annual revenue grew 11% to $34.86 billion. Subscription and support revenues for the full fiscal year grew 12% to $32.54 billion, and professional services and other revenues were flat at $2.32 billion. For the first quarter, Salesforce forecast revenues of $9.12-$9.17 billion a
Salesforce (NYSE: CRM) recently announced its third quarter results that continued to surpass market expectations. While its growth rate has slowed down, the market remains positive, and sent the stock soaring 8% to a 52-week high in the after-hours trading session. Salesforce's stock has climbed over 70% this year, significantly outperforming the Nasdaq which grew 36% in the year. Salesforce's Financials Salesforce's revenues for the third quarter grew 11% to $8.72 billion, at par with analyst estimates of $8.72 billion. Adjusted earnings of $2.11 per share were better than the market's forecast of $2.06 per share. By segment, Subscription and support revenues grew 13% to $8.14 billion. Professional services and other revenues fell 4% to $0.58 billion. Current remaining performance obligations grew 14% to $23.9 billion compared with estimates of $23.22 billion. For the fourth quarter, Salesforce forecast revenues of $9.18-$9.23 billion and an EPS of $2.25-$2.26. T