Salesforce posts an all-around beat for its earnings, but investors aren't thrilled

Marc Benioff Justin Sullivan/Getty ImagesSalesforce CEO Marc Benioff

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.

Salesforce reported:

  • 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.

NOW WATCH: People are obsessed with this convenience store that’s only in 6 states

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.