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Salesforce Wows Investors With Solid Earnings and Guidance

Salesforce.com, Inc. (NYSE: CRM) reported its fiscal fourth-quarter financial results after the markets closed on Wednesday. The company had $0.19 in earnings per share (EPS) on $1.81 billion in revenue compared to consensus estimates from Thomson Reuters that called for $0.19 in EPS on $1.79 billion in revenue. The same period from last year had $0.14 in EPS on $1.44 billion in revenue.

Revenues in the fourth quarter increased by 25% year over year, and an increase of 27% in constant currency. Deferred revenue on the balance sheet at the end of January totaled $4.29 billion, an increase of 29% year over year, and 31% in constant currency. Unbilled deferred revenue, representing business that is contracted but...


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