beats Q4 targets, ended FY2014 with $4.07B in revenue

Wall Street was expecting Salesforce to report fourth quarter non-GAAP earnings of six cents a share on revenue of $1.13 billion.

Following up Dreamforce '13 in November , analysts were expecting big deals and results from, which delivered its fourth quarter earnings report after the bell on Thursday.

The cloud company reported a net loss of $116.6 million, or 19 cents per share (statement).

Non-GAAP earnings were seven cents per share on a revenue of $1.15 billion, up 37 percent year-over-year.

Wall Street was expecting Salesforce to report fourth quarter non-GAAP earnings of six cents a share on revenue of $1.13 billion.

However, that GAAP net loss touched a nerve with investors as Salesforce shares slipped in after-hours trading.

For 2013 overall, the San Francisco-headquartered business raked in approximately $4.07 billion in revenue, an increase of 33 percent annually, with earnings of 35 cents a pop.

Salesforce acknowledged that the positive revenue figures were given a boost by the $2.6 billion acquisition of ExactTarget , which closed last summer.

The digital marketing automation and analytics software portfolio was  integrated into and now forms the foundation of Salesforce's since-renamed ExactTarget Marketing Cloud.

Salesforce followed through on analyst expectations to deliver bigger corporate deals.

Subscription and support revenues for the quarter increased by 37 percent y-o-y to $1.08 billion, while professional services and other revenues shot up by 43 percent annually to $70 million. 

CEO Marc Benioff typically reflects on the annual run rate from quater-to-quarter. In the Q4 report, Benioff offered a glimpse at the goals for the year to come:

I'm delighted to announce that we are raising our fiscal year 2015 revenue guidance by $100 million, to reach $5.3 billion, which is a full year growth rate of 30% at the high end of our range.

For the current quarter, Wall Street expects Salesforce to start off the year with earnings of 10 cents per share and revenue of $1.19 billion.

The CRM giant followed up with a Q1 revenue guidance range of $1.205 billion to $1.21 billion, with non-GAAP earnings projected to fall again around nine and 10 cents a share.

As touched upon by Benioff, Salesforce touted that it upped its full year revenue guidance range to $5.25 billion to $5.3 billion, which would translate to an increase of 29 to 30 percent on an annual basis, with earnings between 48 and 50 cents per share.


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