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Salesforce Q4 2019 earnings results

Salesforce Q4 2019 earnings results

Stock-trend disruptor Salesforce (CRM) posted its fourth-quarter earnings on March 4, Monday, after the closing bell.

Total quarterly revenue jumped 26% to $3.60 billion. Earnings was 46 cents per diluted share, while non-GAAP diluted earnings was $0.70 a share.

Unearned revenue on the balance sheet as of January 31, 2019 was $8.56 billion, up 22% year-over-year. For the year, revenue grew 26% to $13.28 billion, generating earnings of $1.43 per diluted share.

“This is just the beginning, which is why we’re now targeting $26 to $28 billion in revenue by FY23 – organically doubling our revenue again in the next four years,” said Salesforce co-CEO Keith Block.

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