Salesforce: full-year targets exceeded

(CercleFinance.com) - Salesforce reports a 21% increase in adjusted EPS to $2.
78 for Q4, bringing its annual total to $10.20, above its target range provided three months ago ($9.98 to $10.03).

The CRM (customer relationship management) software company also claims 28% growth in operating cash flow and a 33% adjusted operating margin for the year, again exceeding its targets.

At $37.9bn, revenues were at the top end of its annual target range of $37.7bn-$38bn, with growth of 9% at constant exchange rates (including +10% for subscription and support revenues).

For the year ahead, Salesforce forecasts adjusted EPS of $11.09-$11.17, operating cash flow growth of 10%-11%, adjusted operating margin of 34% and revenues of $40.5bn-$40.9bn.


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