Salesforce posts an all-around beat for its earnings, but investors aren't thrilled
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Salesforce had a full-on beat for its fiscal Q4 2017 quarter and raised its guidance for its full-year FY 2018, though shares fell on disappointment on that 2018 guidance anyway.
Salesforce reported:
- Q4 Adj. EPS of $0.28, versus expectations of $0.25 — that's a beat
- Sales of $2.29 billion versus estimates of $2.28 billion — another beat.
It also reported deferred revenue (revenue that has been paid but not yet earned) of $5.54 billion, up 29% year-over-year.
And the all-important unbilled deferred revenue (or revenue that is under contract but not yet billed) is about $9.0 billion, up 27% year over year.
Salesforce predicts that its FY18 will be $10.15 billion to $10.20 billion. Analysts were looking for $10.15 billion.
Even with all this good news, the stock was down slightly, less than 2%.
Here's the full press release.
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