Investing.com - Salesforce.com (NYSE:CRM) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $0.84 on revenue of $7.33B. Analysts polled by Investing.com anticipated EPS of $0.7511 on revenue of $7.25B.
Salesforce.com shares are down 21% from the beginning of the year, still down 33.00% from its 52 week high of $311.75 set on November 9, 2021. They are under-performing the Nasdaq 100 which is down 14.18% from the start of the year.
Salesforce.com shares gained 3.99% in after-hours trade following the report.
Salesforce.com follows other major Information Technology sector earnings this month
Salesforce.com's report follows an earnings beat by NVIDIA on February 16, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Cisco had beat expectations on February 16 with second quarter EPS of $0.84 on revenue of $12.72B, compared to forecast for EPS of $0.81 on revenue of $12.66B.
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