Salesforce (CRM) Shares Up 4% on Q4 Beat and Raised Revenue Guidance

Salesforce (NYSE: CRM) shares were trading around 4% higher after-hours following the company’s reported Q4 results, with EPS of $0.84 coming in better than the consensus estimate of $0.75.

Revenue grew 26% year-over-year to $7.33 billion, compared to the consensus estimate of $7.24 billion. Subscription and support revenues came in at $6.83 billion, up 25% year-over-year, and Professional services and other revenues at $0.50 billion, up 46% year-over-year.

The company expects Q1/23 EPS in the range of $0.93-$0.94, compared to the consensus estimate of $0.99. Q1 revenue is expected to be $7.37-7.38 billion, compared to the consensus estimate of $7.26 billion.

For the full 2023-year, the company expects EPS in the range of $4.62-$4.64, compared to the consensus of $4.74, and revenue in the range of $32-32.1 billion, compared to the consensus estimate of $31.78 billion.

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