Salesforce sees Americas revenues increase 21% to US$308mn in Q4

Tuesday, March 1, 2011

US on-demand services provider (NYSE: CRM) saw its Americas revenues grow 21% year-over-year to US$308mn during the fourth quarter of its fiscal year 2011, which ended January 31, according to financial results released by the company.

During fiscal 4Q11, Salesforce reported consolidated net profits of US$10.9mn, down from US$22.4mn in the year-ago quarter. The company reported revenues for 4Q11 of US$457mn, growing 29% year-over-year. Salesforce netted 5,100 new customers during the quarter.

For fiscal year 2011, Salesforce saw its Americas revenues reach US$1.14bn, compared withUS$924mn a year prior.

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The company's consolidated net income of US$69.7mn was down from US$84.7mn in fiscal 2010. Yearly revenues grew 27%, to US$1.66bn. During the year, the company added 19,800 customers for a total of 92,300, or a 27% increase.

For the first quarter of the 2012 fiscal year, Salesforce is expecting revenues of US$480mn-482mn.

The company has raised its revenue projections for the full fiscal year to US$2.03bn-2.05bn, which the company said would make it the first enterprise cloud computing company to report more than US$2bn in revenue.

Use this link to view the full results.