WORK - Salesforce shares dip after full-year profit forecast disappoints

Salesforce.com (CRM) shares slip 3.9% after reporting a record fourth quarter but guiding a downside profit forecast for the fiscal year.Revenue was up 20% on the year to $5.82B. Subscription and support revenue gained 20% to $5.48B.EPS was $1.04, ahead of estimates by $0.29.Current RPO of about $18B is up 20%."We never could have predicted a year ago what was in store, which makes me incredibly proud of how well we pivoted our company to adapt to this pandemic world,” says CEO Marc Benioff. “We had a record quarter and year by innovating more and faster than ever, enabling our customers to be successful from anywhere, and becoming more relevant and strategic than ever. And we continued to serve all of our stakeholders in a time when they needed it most.”The upside Q1 forecast includes a raised revenue forecast of $5.875-5.885B (consensus: $5.72B) and $0.88-0.89 (consensus: $0.76).FY22 view has revenue of $25.65-25.75B

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Salesforce shares dip after full-year profit forecast disappoints