Salesforce.com: Fiscal 4Q Earnings Snapshot

SAN FRANCISCO (AP) _ Salesforce.com Inc. (CRM) on Thursday reported fiscal fourth-quarter net income of $267 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had net income of 28 cents. Earnings, adjusted for stock option expense and amortization costs, came to $1.04 per share.

The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The customer-management software developer posted revenue of $5.82 billion in the period, which also beat Street forecasts. Fourteen analysts surveyed by Zacks expected $5.68 billion.

For the year, the company reported profit of $4.07 billion, or $4.38 per share. Revenue was reported as $21.25 billion.

For the current quarter ending in May, Salesforce.com expects its per-share earnings to range from 88 cents to 89 cents.

The company said it expects revenue in the range of $5.88 billion to $5.89 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $5.7 billion.

Salesforce.com expects full-year earnings in the range of $3.39 to $3.41 per share, with revenue ranging from $25.65 billion to $25.75 billion.

Salesforce.com shares have risen nearly 4% since the beginning of the year, while the Standard & Poor's 500 index has climbed 2%. In the final minutes of trading on Thursday, shares hit $231.08, an increase of 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRM at https://www.zacks.com/ap/CRM