Salesforce reports strong fourth quarter, light outlook

The company's earnings were better than expected for the last quarter of 2010, with profit of $10.9m, while revenue was up 29 percent on the same quarter in 2009

Salesforce.com has reported better-than-expected fourth-quarter earnings, although the earnings outlook for the current quarter was light.

The company, however, expects to surpass the $2bn (£1.2bn) revenue mark in the fiscal year ahead. Salesforce reported fourth-quarter earnings of $10.9m, or 8 cents a share, down from 16 cents a share a year ago. Non-GAAP earnings were 31 cents a share. Revenue for the fourth quarter was $457m, up 29 percent from a year ago.

Wall Street analysts were expecting fourth-quarter earnings of 26 cents a share on revenue of $453m. For fiscal 2011, Salesforce reported earnings of $64.5m, or 47 cents a share, on revenue of $1.66bn.

For more on this ZDNet UK-selected story, see Salesforce.com: Strong fourth quarter, light earnings outlook, $2 billion revenue mark in sight on ZDNet.com.


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