5 Earnings Reports You Don’t Want to Miss

1. salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 110

Shares of salesforce.com, inc. (NYSE:CRM) turned green in the pre-market trading session on Wednesday, March 2, 2022, following its upbeat financial performance for the fourth quarter. The cloud-based software company reported adjusted earnings of 84 cents per share, topping expectations of 74 cents per share.

In addition, salesforce.com, inc. (NYSE:CRM) posted revenue of $7.33 billion for the quarter, above the consensus of $7.24 billion. Subscription and support revenue climbed 25 percent to $6.83 billion, while professional services and other revenues jumped 46 percent to $0.50 billion in the quarter.

salesforce.com, inc. (NYSE:CRM) also issued the sales outlook for its fiscal first quarter. It expects to generate revenue in the range of $7.37 – $7.38 billion, above analysts’ average estimate of $7.26 billion.

Speaking on the results, CFO Amy Weaver said:

“Fiscal 2022 was a remarkable year for Salesforce. I am particularly pleased with our focus on discipline and profitable growth which drove record levels of revenue, margin, and cash flow. I’m confident in the momentum of the business as we build an even stronger company in FY23 and beyond.”

You can also take a peek at 10 Bank Dividend Stocks to Diversify Your Portfolio and 10 Undervalued Dividend Kings To Buy In 2022.

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