Salesforce Inc (NYSE:CRM) shares are in the spotlight Thursday following the company’s fourth-quarter results. The stock initially traded lower, but it’s bouncing back Thursday after multiple analysts raised price targets following the print.
Q4 Revenue: $9.29 billion, beat estimates of $9.22 billion
Q4 EPS: $2.29, beat estimates of $2.26
Total revenues were up 11% year-over-year, operating margin was 17.5%, cash flow from operations was up 22% year-over-year to $3.4 billion, and free cash flow was up 27% to $3.26 billion.
Salesforce’s board declared its first-ever cash dividend of 40 cents per share, payable on April 11 to shareholders of record as of March 14. The …