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 and are trading at $217.20 , down-from-52-week-high.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 the report.
Salesforce.com follows other major Information Technology sector earnings this month
Salesforce.com's report follows an earnings beat by NVIDIA on Wednesday, February 16, 2022, 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 Wednesday, February 16, 2022 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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