Salesforce posts an all-around beat for its earnings, but investors aren’t thrilled

Salesforce CEO Marc Benioff
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Salesforce had a full-on beat for its fiscal Q4 2017 quarter and raised its guidance for its full-year FY 2018, though shares fell on disappointment on that 2018 guidance anyway.

Salesforce reported:

    Q4 Adj. EPS of $0.28, versus expectations of $0.25 – that’s a beat Sales of $2.29 billion versus estimates of $2.28 billion – another beat.

It also reported deferred revenue (revenue that has been paid but not yet earned) of $5.54 billion, up 29% year-over-year.

And the all-important unbilled deferred revenue (or revenue that is under contract but not yet billed) is about $9.0 billion, up 27% year over year.

Salesforce predicts that its FY18 will be $10.15 billion to $10.20 billion. Analysts were looking for $10.15 billion.

Even with all this good news, the stock was down slightly, less than 2%.

Here’s the full press release.