, Inc. (CRM) reports Q4 2013, beats expectations

Posted Feb 27, 2014, Inc. (NYSE:CRM) has reported their Q4 2013 results. The results were better than what analysts estimated., Inc. (NYSE:CRM) chief financial officer Graham Smith also announced that he is retiring next year., Inc. (NYSE:CRM) reported this for the quarter: non-GAAP earnings of 7 cents a share on sales of $1.15 billion, which beat the consensus estimates from analysts. Analysts were expecting 6 cents a share on revenues of $1.13 billion. Based on GAAP, reported a loss of 19 cents a share. shares fell during after-hours trading by 47 cents, which is less than 1% after the earnings were announced. The company’s stock rose by over 3% during trading hours and closed at $66.22 per share.

Salesforce CEO Marc Benioff raised revenue guidance for the 2015 fiscal year to $5.3 billion, which is higher than the previous consensus view of $5.2 billion. The 2014 fiscal year finished with $4.07 billion in sales.

Salesforce’s deferred revenue grew to $2.5 billion, which is up 35% over the year ago quarter. Salesforce benefitted partially from the acquisition of ExactTarget last year.

[Source: ReCode]