Salesforce Inc (NYSE:CRM) shares are climbing on Thursday after the company delivered a stronger‑than‑expected fourth quarter, boosted its dividend, launched a massive $50 billion buyback plan and issued guidance that topped Wall Street expectations.
- Salesforce stock is moving in positive territory. Why is CRM stock trading higher?
Stronger‑Than‑Expected Q4 Results Lift Confidence
Salesforce reported fourth‑quarter revenue of $11.2 billion, edging past forecasts, while adjusted earnings of $3.81 per share came in far above the expected $3.04. Revenue grew 12% from a year ago, and remaining performance obligations reached $72.4 billion, up 14%.
Solid Outlook And Major Capital Return Plan
The company raised its quarterly dividend to 44 cents per share and introduced a new $50 billion share repurchase program, replacing all …