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Salesforce: Fiscal Q4 Earnings Snapshot

By The Associated Press

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce, Inc. (CRM) on Wednesday reported fiscal fourth-quarter earnings of $1.94 billion.

The San Francisco-based company said it had profit of $2.07 per share. Earnings, adjusted for one-time gains and costs, came to $3.81 per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.03 per share.

The customer-management software developer posted revenue of $11.2 billion in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $11.17 billion.

For the year, the company reported profit of $7.46 billion, or $7.80 per share. Revenue was reported as $41.53 billion.

For the current quarter ending in April, Salesforce expects its per-share earnings to range from $3.11 to $3.13.

The company said it expects revenue in the range of $11.03 billion to $11.08 billion for the fiscal first quarter.

Salesforce expects full-year earnings in the range of $13.11 to $13.19 per share, with revenue ranging from $45.8 billion to $46.2 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRM at https://www.zacks.com/ap/CRM

Hawaii residents prepare for possible storm, while still trying to recover from the Kona Lows

By CNN
Click here for updates on this story    HONOLULU (KITV) -- “Walking out and seeing what the Kona lows did to the farm was very drastic and traumatic in a way,” said Cheyenne Adams, Marketing manager for Waimanalo Country Farms.That trauma came after the March Kona Low storms.“You could hear like the crackling of the wind and rain coming down over the mountain, and then you could see in the mist the wind whipping,” said Adams.Now, another storm is on the horizon.“We're still in recovery mode. So being hit with another potential hurricane is daunting,” said Hawaii County Mayor Kimo Alameda.For many, the concern goes beyond the forecast.“People are still picking up the pieces. We are still recovering from the Kona low, from the earthquake,” said Alameda.Waimanalo Country Farms is still feeling the effects from the first storms."There are only so many fields that we are able to use because some of the other ones are still damaged,” said Adams.Now, they are hoping this storm passes without setting them back again.“We're just praying that it'll just pass by and not damage those crops because if not, we're going to be delayed again,” said Adams.But even just preparing can be a setback.“Now it's like we have to pause and now go back to, okay, now we have to go into like survival mode, right? And then go back to work after that,” said Adams.But the disasters have also taught communities to prepare and rely on each other.“The earthquake and the Kona Low really made it so that neighbors were reminded to be supportive of one another and work together and with each other. And I think that's very fresh in people's minds and experiences,” said Colehour Bondera, an organic farmer on the Big Island.And while preparation can bring some peace of mind, the fear of what comes after remains.“The biggest worry is not knowing if you'd be able to recover or assessing the damage,” said Adams.So for now, it's prepare, wait and hope this storm doesn't add another chapter to a year of recovery.Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
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