Salesforce Beats; Q4 Revenue Up 38 Percent to $632 Million, Raises Guidance

CRM giant Salesforce just released earnings this afternoon, beating Wall Street expectations. Non-GAAP diluted earnings per share was $0.43 for the quarter. Total Q4 revenue was $632 million, an increase of 38% on a year-over-year basis. Analysts expected earnings of $0.40 cents per share on revenue of $624 million. "Salesforce.com's 38% revenue growth in the fourth quarter was a spectacular finish to our fiscal year, a year in which we delivered 37% revenue growth and added nearly 2,500 employees, including nearly 2,000 in the U.S.," said Salesforce CEO and founder Marc Benioff in a release. "Given the strong customer response to the social enterprise, we're excited to raise our guidance today, which puts us on pace to exceed the $3 billion revenue run rate during FY13."

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