Key TakeawaysSalesforce's fourth-quarter fiscal 2024 earnings beat analysts' estimates.The company's net income came in at $1.45 billion, or $1.47 per share, as revenue rose nearly 11% to $9.29 billion.Shares tumbled more than 4% in after-hours trading as the company said it expects revenue in the fiscal first quarter of between $9.12 billion and $9.17 billion.Salesforce (CRM) swung to a profit in the fourth quarter of its fiscal year 2024, exceeding analysts' estimates for revenue and earnings. Shares in t ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Insights - Salesforce shares fell 6% in after-hours trading following a weaker revenue forecast for the upcoming fiscal year, despite reporting better-than-expected earnings and revenue for the last quarter [1][2] - The company announced it will initiate a dividend of 40 cents per share [1] Financial Performance - Adjusted earnings per share for the last quarter were $2.29, surpassing the expected $2.26 [1] - Revenue for the quarter reached $9.29 billion, slightly above the anticipated $9.22 billion [1] - Year-over-year revenue growth was reported at 10.8%, with net income of $1.45 billion compared to a loss of $98 million in the previous year [1] Future Guidance - For the fiscal first quarter, Salesforce projects adjusted earnings of $2.37 to $2.39 per share and revenue between $9.12 billion and $9.17 billion, exceeding analyst expectations of $2.20 per share and $9.15 billion in revenue [2] - For the 2025 fiscal year, the company anticipates adjusted earnings of $9.68 to $9.76 per share and revenue between $37.7 billion and $38.0 billion, indicating an 8.6% growth at the midpoint, though below analyst expectations of $9.57 per share and $38.62 billion in revenue [2] Market Performance - Excluding the after-hours decline, Salesforce shares have increased approximately 14% year-to-date, outperforming the S&P 500 index, which has gained 6% in the same period [2]

Salesforce CEO Marc Benioff has spent millions of dollars quietly buying up roughly 600 acres of green landscapes in Waimea, Hawaii.Since the year 2000, a bigtime tech billionaire purchased at least 38 parcels of land in the small agricultural town on Hawaii’s Big Island, which boasts a population of less than 10,000. Inventory is already low in Waimea, so news of the real-estate purchases worried residents — many of which are Native Hawaiian — about rising housing costs and the loss of the tightknit commun ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Salesforce (CRM) is due to report earnings on Wednesday after the closing bell. The options market is pricing in a 7.8% move in either direction.In five of the last six earnings reports, Salesforce stock stayed above the lower part of its expected range. Here's a bull put spread option trade if you believe CRM stock can do it again. It might seem a little familiar because we did a similar trade with Nvidia (NVDA) last week that worked out well.X Setting Up The Option Trade On Salesforce StockFirst, we'll st ...

Exhibit 99.1 Salesforce Announces Strong Fourth Quarter Fiscal 2024 Results SAN FRANCISCO, Calif. - February 28, 2024 - Salesforce (NYSE: CRM), the #1 AI CRM, today announced results for its fiscal fourth quarter and full fiscal year 2024 ended January 31, 2024. • Fourth Quarter Revenue of $9.29 Billion, up 11% Year-Over-Year ("Y/Y"), up 10% in Constant Currency ("CC") • Current Remaining Performance Obligation of $27.6 Billion, up 12% Y/Y, up 13% CC • FY24 Revenue of $34.9 Billion, up 11% Y/Y, up 11% CC • ...

Key PointsThe new business cycle will affect services stocks in a naturally bullish way, with some already showing massive momentum in their price action.Salesforce is one to propose a good upside story. Analysts are boosting their price targets, and the EPS growth projections could bring even more upgrades.5 stocks we like better than IntuitMost hype surrounds technology stocks, particularly after the king of the sector, Nvidia Corp. NASDAQ: NVDA, kept breaking past all-time high prices on ever-increasing  ...

The past year has been a thrill ride for investors in Salesforce (CRM 2.59%). After losing more than half its market value during the economic downturn, the customer relationship management (CRM) specialist has come roaring back, soaring 81% over the past year alone.However, one analyst believes the company's business momentum will continue to accelerate, driving the stock to new all-time highs.The recovery is gaining momentumJefferies analyst Brent Thill raised his price target on Salesforce stock to $350, ...

Salesforce (CRM 2.59%) was founded in 1999, and the software company made its public market debut in 2004. The stock has since skyrocketed by 6,730%, and the Salesforce brand has become synonymous with customer relationship management (CRM) software. In fact, it has evolved into the second-largest enterprise software company in the world.Innovation has been instrumental to that success. Salesforce was among the first companies to deliver its software from the cloud, and regular product development has kept ...