Salesforce (NYSE:CRM) shares rose nearly 3% intra-day today after the company announced optimistic guidance and surpassed expectations with its fourth-quarter earnings, driven by increased spending in the enterprise sector. This positive momentum has led the cloud software company to declare its inaugural quarterly dividend and enhance its stock repurchase program.

In Q4, Salesforce saw its adjusted earnings rise to $2.29 per diluted share from $1.68 in the previous year, with revenue climbing to $9.29 billion from $8.38 billion. These figures exceeded analyst predictions of $2.27 earnings per share on $9.22 billion in revenue.

For the upcoming Q1, Salesforce anticipates adjusted earnings per share between $2.37 and $2.39, with revenue projections ranging from $9.12 billion to $9.17 billion. These forecasts outpace Wall Street expectations of $2.2 earnings per share on $9.14 billion in revenue.

For the entire fiscal year, the company projects adjusted earnings per share to be between $9.68 and $9.76, with revenue estimated to be in the range of $37.7 billion to $38.0 billion.

Salesforce initiated its first-ever quarterly dividend of $0.40 per share and has expanded its share buyback program by an additional $10 billion.

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