Salesforce (CRM) reported fiscal fourth-quarter earnings and offered an outlook that fell short of analysts’ expectations, sending shares lower in extended trading Wednesday.
The cloud software company’s fourth-quarter revenue grew 8% year-over-year to $9.99 billion, just below the analyst consensus from Visible Alpha. Adjusted earnings per share came in at $1.75, compared to $1.74 a year earlier and missed estimates.
For fiscal 2026, Salesforce projected full-year revenue of $40.5 billion to $40.9 billion and adjusted EPS of $11.09 to $11.17, below the analyst consensus of $41.32 billion in revenue and EPS of $11.19.
The results come after Salesforce recently announced former Gilead Sciences (GILD) CFO Robin Washington will join the company on March 21 as chief operating and financial officer.
Shares of Salesforce fell about 5% in extended trading Wednesday following the release. They’ve lost about 8% since the start of the year through the closing bell.
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