Salesforce Q4 Revenue Forecast Misses Views

Earnings Reuters

Cloud software company Salesforce.com Inc (CRM) forecast current-quarter revenue that fell short of market expectations, pushing its shares down 4 percent in extended trading.

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The company said it expected revenue of about $1.44 billion for the quarter ending Jan. 31, missing the average analyst estimate of $1.45 billion.

Revenue for the third quarter ended Oct. 31 rose 28.6 percent to $1.38 billion, helped by higher demand for its web-based sales and marketing software and services.

Net loss narrowed to $38.9 million, or 6 cents per share, from $124.4 million, or 21 cents per share, a year earlier.

(Reporting by Abhirup Roy in Bangalore)