Salesforce had a full-on beat for its fiscal Q4 2017 quarter and raised its guidance for its full-year FY 2018, though shares fell on disappointment on that 2018 guidance anyway.
- Q4 Adj. EPS of $US0.28, versus expectations of $US0.25 — that’s a beat
- Sales of $US2.29 billion versus estimates of $US2.28 billion — another beat.
It also reported deferred revenue (revenue that has been paid but not yet earned) of $US5.54 billion, up 29% year-over-year.
And the all-important unbilled deferred revenue (or revenue that is under contract but not yet billed) is about $US9.0 billion, up 27% year over year.
Salesforce predicts that its FY18 will be $US10.15 billion to $US10.20 billion. Analysts were looking for $US10.15 billion.
Even with all this good news, the stock was down slightly, less than 2%.
Here’s the full press release.
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