Salesforce (CRM) witnessed a decline in its stock price during extended trading on Wednesday after the company reported its fiscal fourth-quarter earnings and provided an outlook that failed to meet analysts’ expectations. The cloud software giant recorded a year-over-year revenue growth of 8% for the fourth quarter, reaching $9.99 billion. However, this figure slightly missed the consensus estimate from Visible Alpha. The adjusted earnings per share (EPS) stood at $1.75, marginally higher than $1.74 from the previous year but still below market projections.
Looking ahead to fiscal 2026, Salesforce anticipates full-year revenue in the range of $40.5 billion to $40.9 billion, with an adjusted EPS between $11.09 and $11.17. These figures fall short of the analyst consensus, which predicts revenue of $41.32 billion and an EPS of $11.19.
The recent announcement of Robin Washington, former CFO of Gilead Sciences (GILD), joining Salesforce on March 21 as the new chief operating and financial officer, comes amid these developments.
— news from Investopedia