:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2046166881-bc64687138714d599faa322bffd4644a.jpg "Salesforce headquarters.")
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Salesforce (CRM) reported fiscal fourth-quarter earnings and offered an outlook that fell short of analysts’ expectations, sending dues lower in extended trading Wednesday.
The cloud software company’s fourth-quarter revenue grew 8% year-over-year to $9.99 billion, exactly below the analyst consensus from Visible Alpha. Adjusted earnings per share came in at $1.75, compared to $1.74 a year elder 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, under the analyst consensus of $41.32 billion in revenue and EPS of $11.19.
The results come after Salesforce recently announced former Gilead Subjects (GILD) CFO Robin Washington will join the company on March 21 as chief operating and financial officer.
Portions of Salesforce fell about 5% in extended trading Wednesday following the release. They’ve lost about 8% since the start of the year throughout the closing bell.