Salesforce.com Q4 numbers hit by charges

Cloud CRM specialist Salesforce.com saw its net income halved year-on-year in its fiscal fourth quarter as it swallowed costs related to stock-based compensation. Despite that knockback, having to watch net income drop to $10.9m for the fourth quarter, ended 31 January , compared to $20.4m a year e


Cloud CRM specialist Salesforce.com saw its net income halved year-on-year in its fiscal fourth quarter as it swallowed costs related to stock-based compensation.

Despite that knockback, having to watch net income drop to $10.9m for the fourth quarter, ended 31 January , compared to $20.4m a year earlier, the vendor remains the flag carrier for the cloud industry.

Revenue  increased by 29% from $354 a year earlier to $456.9m, subscription and support revenue rose by 31% to $429m and professional services also grew by 6% to $28m.

What skewed the Q4 numbers slightly was a $42m stock-based compensation charge but where the CEO Marc Benioff, chairman and CEO of Salesforce.com, wanted to concentrate his thoughts were on the revenue ambitions.

For the full fiscal year the vendor hit a $1.8bn annual run rate and Benioff revised the forecasts to take it through the $2bn barrier.

"Our current outlook puts salesforce.com on track to be the first enterprise cloud computing company to report more than $2bn in revenue," he said.

MicroScope+

Content

Find more MicroScope+ content and other member only offers, here.

Read more on Business Intelligence Tools and Services

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

ComputerWeekly

SearchITChannel

Close