Salesforce (CRM) Q4 earnings report 2024 [Video]

Salesforce shares initially slid as much as 6% but then went up 1% in extended trading Wednesday after the business software maker issued a light revenue forecast for the new fiscal year. It will start paying a dividend at 40 cents per share.

Here’s how the company did, compared with estimates from LSEG, formerly known as Refinitiv:

• Earnings per share: $2.29 adjusted vs. $2.26 expected
• Revenue: $9.29 billion vs. $9.22 billion expected

Salesforce’s revenue grew 10.8% year over year in the quarter, which ended Jan. 31, according to a statement. Professional services revenue declined 9%. The company reported net income of $1.45 billion, or $1.47 per share, compared with a loss of $98 million, or 10 cents per share.

“Over the past two quarters, I’m happy to say we’ve seen improved bookings growth,” Amy Weaver, Salesforce’s finance chief, said on a conference call with analysts.

During the quarter, Salesforce said it would acquire sales commission software startup Spiff…