Salesforce: more share buybacks with Q4 results

(CercleFinance.com) - The shares of software company Salesforce are expected to rise sharply on the opening bell on Wall Street today (+16% in PMT), after it said that it would increase its share repurchase program to $20 billion on unveiling its Q4 results.


Adjusted Q4 EPS was $1.68, with a non-GAAP operating margin of 29.2%, on revenue of 8.38 billion dollars, up 14% as reported and up 17% at constant exchange rates.

For the current year, Salesforce is targeting adjusted EPS of $7.12 to $7.14, a non-GAAP operating margin of 27% and revenue of 34.5 to 34.7 billion dollars, compared to $5.24, 22.5% and 31.3 billion dollars, respectively, the previous year.


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