Salesforce.com shares declined 4% in Wednesday's extended trading session after the customer service software maker reported solid financial results but provided fiscal 2027 revenue guidance that fell short of Wall Street expectations.

Here is how the company's performance compared with consensus estimates from London Stock Exchange Group (LSEG): - Earnings per share: Adjusted $3.81 versus expected $3.04 - Revenue: $11.20 billion versus expected $11.18 billion

According to a statement, Salesforce's fourth-quarter revenue ending January 31 increased by 12% year-over-year. This represents the company's fastest growth rate in two years.

The company announced it has authorized $50 billion for a new share repurchase program. Through Thursday's close, Salesforce stock had fallen approximately 28% in 2026, while the S&P 500 index had gained 1% over the same period.

Net income reached $1.94 billion, or $2.07 per share, up from $1.71 billion, or $1.75 per share, during the same period last year. Adjusted earnings per share excluded stock-based compensation expenses, amortization of purchased intangible assets, and restructuring costs.

Current remaining performance obligations, representing the total of contracted revenue not yet recognized and unbilled amounts expected to be recognized as revenue within the next year, stood at $35.1 billion. This figure exceeded the StreetAccount consensus estimate of $34.53 billion.

First-quarter guidance includes adjusted earnings per share of $3.11 to $3.13 and revenue between $11.03 billion and $11.08 billion. Analysts surveyed by LSEG had anticipated earnings per share of $3.00 on revenue of $10.99 billion.

For fiscal year 2027, Salesforce projected adjusted earnings per share of $13.11 to $13.19 and revenue ranging from $45.8 billion to $46.2 billion, implying growth of 10% to 11%. The LSEG consensus expectation was for earnings per share of $13.12 on revenue of $46.06 billion.