Salesforce ( CRM ) reported fiscal fourth-quarter earnings and offered an outlook that fell short of analysts' expectations, sending shares lower in extended trading Wednesday.

The cloud software company’s fourth-quarter revenue grew 8% year-over-year to $9.99 billion, just below the analyst consensus from Visible Alpha. Adjusted earnings per share came in at $1.75, compared to $1.74 a year earlier and missed estimates.

For fiscal 2026, Salesforce projected full-year revenue of $40.5 billion to $40.9 billion and adjusted EPS of $11.09 to $11.17, below the analyst consensus of $41.32 billion in revenue and EPS of $11.19.

The results come after Salesforce recently announced former Gilead Sciences ( GILD ) CFO Robin Washington will join the company on March 21 as chief operating and financial officer.

Shares of Salesforce fell about 5% in extended trading Wednesday following the release. They've lost about 8% since the start of the year through the closing bell.

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