Posted 2/29/2024, 2:48:13 PM
Salesforce Beats Q4 Estimates, Announces Buyback and First Dividend
- Salesforce topped Q4 earnings and revenue estimates, plans to pay $0.40 per share dividend
- Reported adjusted EPS of $2.29 (vs expected $2.27) and revenue of $9.29B (vs expected $9.22B)
- Guidance slightly below consensus - revenue about 1-2% lower than estimates, billings guidance also below
- CEO Marc Benioff outlined company's transformation over past year - cut costs, increased margins
- Announced new $10B stock buyback plan and first ever dividend, continues innovating in AI