Traffic jam:   2

Salesforce stocks fell

26 February 2021
2 min.
Salesforce stocks fell

Salesforce shares and forecasts

Salesforce shares fell despite a good quarterly report as Wall Street expected higher profits in the new year with the Slack acquisition.

Salesforce (CRM) shares, up 29.2% over the past 12 months, fell 3.9% on Thursday after the company released figures for the fourth quarter and full fiscal 2021 (ended 31 January 2021) and also gave a forecast for the first quarter and full fiscal 2022.

Salesforce reported fourth-quarter earnings per share growth of 58% to $1.04, up $0.29 from analysts' estimate of $0.75. Revenue rose 20% to $5.82 billion, also above the average analyst estimate of $5.68 billion. The growth rate was unchanged from Salesforce's previous quarter, while, some analysts had expected an increase.

Last quarter, Salesforce was highlighted by the release of Vaccine Cloud, a cloud-based tool that government agencies and companies can use to manage the process of vaccinating the public against COVID-19.

For the full 2021 fiscal, Salesforce revenue rose 24% to $21.3 billion. Free cash flow was $2.81 billion, which is good enough considering the company's significant acquisition spending.

Forecasts from the company

Salesforce's forecast for the first quarter of fi. 2022 was:

  • EPS growth of around 25% to a range of $0.88 to $0.89, above analysts' expectations of $0.76.
  • Earnings growth of about 20.6% to a range of $5.875 billion $5.885 billion.

At the same time, Salesforce's full-year earnings per share guidance for fiscal 2022 was worse than analyst expectations. 2022 was worse than analysts' expectations: $3.39 to $3.41 versus the Wall Street forecast of $3.49.

Salesforce's annual revenue forecast was between $25.65 billion and $25.75 billion, better than analysts' estimates of $25.41 billion.

Salesforce executives said the annual forecast figures include projected $600 million in revenue from Slack, whose $27 billion acquisition is expected to close in the second quarter of this fiscal year.

Salesforce shares have fallen 6.45% over the past week on news that the US Department of Justice has requested more information about the Slack acquisition deal. The department's antitrust division is currently reviewing the acquisition.

Companies4 in the news



Rating companies
32 Mention
Dow Jones
28 Mention
X (Twitter)
22 Mention
JP Morgan Chase
20 Mention
Bloomberg L.P.
18 Mention
18 Mention
17 Mention
14 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year