Salesforce Q4 Earnings: Revenue Beat, EPS Beat, 'Well Positioned' For AI Boom And More
Portfolio Pulse from Adam Eckert
Salesforce Inc (NYSE:CRM) reported Q4 earnings with an 11% year-over-year revenue increase to $9.29 billion, surpassing estimates. Adjusted EPS was $2.29, beating forecasts. The company announced its first-ever cash dividend and increased its share repurchase program by $10 billion. Salesforce provided optimistic guidance for Q1 and full-year 2025, expecting to capitalize on the AI boom with its Einstein 1 Platform. Despite the positive report, CRM shares dropped 4.99% after hours.
February 28, 2024 | 9:14 pm
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Salesforce reported strong Q4 earnings, beating revenue and EPS estimates, announced its first cash dividend, and increased its share repurchase program. Despite positive results and optimistic AI-driven future outlook, shares fell 4.99% after hours.
Despite Salesforce's strong Q4 performance and positive future outlook, the after-hours stock price drop suggests market reactions may not always align with earnings outcomes. The announcement of the first cash dividend and a significant increase in the share repurchase program reflect confidence in the company's financial health and future prospects, particularly with the anticipated AI boom. However, the immediate negative price action indicates investor concerns or profit-taking may be at play.
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