CRM company Salesforce announced its fourth quarter report on February 28th local time, with revenue of $9.29 billion in the fourth quarter, a year-on-year increase of 11%. Analysts expect it to be $9.22 billion; Adjusted earnings per share for the fourth quarter were $2.29, with analysts expecting $2.27. The company expects its first quarter revenue to be $9.12 billion to $9.17 billion, with its stock price falling more than 4% in after hours trading. The company's board of directors authorized an increase of $10 billion in stock repurchases.