Is Salesforce Stock a Buy Now?
Salesforce (NYSE: CRM), the cloud services giant that operates the world's largest customer relationship management (CRM) platform, posted its fourth-quarter earnings report on March 1.
Its revenue rose 26% year-over-year (27% in constant currency terms) to $7.33 billion, beating analysts' estimates by $80 million. Its adjusted net income declined 14% to $843 million, or $0.84 per share, which still cleared analysts' expectations by nine cents. On a generally accepted accounting principles (GAAP) basis -- which includes its stock-based compensation, acquisitions, and other one-time expenses -- Salesforce posted a net loss of $28 million, compared to a net profit of $267 million a year earlier.
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Source Fool.com
