salesforce.com (CRM) Reports In-Line Q4 EPS; Raises FY17 Rev Guidance
salesforce.com (NYSE: CRM) reported Q4 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.79 billion.
GUIDANCE:
salesforce.com sees FY2017 EPS of $0.99-$1.01, versus the consensus of $0.99. salesforce.com sees FY2017 revenue of $8.08-8.12 billion, versus the consensus of $8.08 billion.
"By any measure, this was a spectacular finish to the year with 27% revenue growth in constant currency for the fourth quarter, and for the full year," said Marc Benioff, chairman and CEO, Salesforce. "We are raising our fiscal year 2017 revenue guidance to $8.12 billion at the high end of our range -- unprecedented growth for a company of our size and scale."
"We increased our non-GAAP operating margin by 177 basis points, which drove outstanding full year operating cash flow of $1.6 billion, up 37% from a year ago," said Mark Hawkins, CFO, Salesforce. "We expect to continue to drive operating leverage and strong cash flow growth in fiscal 2017."
"We hit an all-time high in large transactions in fiscal 2016 as more and more companies look to Salesforce as their trusted advisor," said Keith Block, vice chairman, president and COO, Salesforce. "The tremendous response to our customer success platform is driving exceptional growth for Salesforce across every region, every cloud and every industry."
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