New York, NY, United States (4E) – Salesforce.com Inc. said it had a wider loss during its fiscal fourth quarter due to higher expenses and lower gross margin.
The web-based business-software company’s loss was $116.6mn, or 19 cents per share, for the quarter ended Jan. 31 compared with the previous year’s loss of $20.8mn, or four cents per share. Without stock-based compensation charges and other items, adjusted profit dropped to seven cents from 13 cents per share.
Salesforce.com Inc.’s revenue increased 37 percent to $1.15bn.
The company forecasts revenue this year at $5.25bn to $5.3bn, higher than the previous estimate of $5.15bn to $5.2bn. Profit for the period was predicted between 48 cents to 50 cents a share, compared with analysts’ estimate of 50 cents.
Salesforce.com predicts fiscal first-quarter adjusted profit to be at nine cents to 10 cents per share on revenue of around $1.21bn. Wall Street analysts predicted per-share earnings of 10 cents and revenue of $1.19bn.
Fees for subscription and support, which accounts the bulk of the reveneus, surged 37 percent. Revenues from professional services and other payments advanced 43 percent.