Salesforce blows past earnings targets and forecasts a stronger than expected year

Marc Benioff 2014

Justin Sullivan/Getty

Salesforce CEO Marc Benioff

Salesforce (CRM) continued its upward climb in first quarter earnings on Tuesday with a major beat across the board that sent its stock up in after hours trading, despite downward trends across Wall Street.

Here's what the company reported:
  • Revenue for the quarter (GAAP): Salesforce reported $3.01 billion. Analysts expected $2.94 billion.
  • Earnings per share for the quarter (adjusted): Salesforce reported $0.74. Analysts expected $0.46.
  • Revenue guidance for the year (GAAP): Salesforce expects $13.08 billion to $13.13 billion. Analysts expected $12.75 billion.
Salesforce's stock was up roughly 2.5% in after hours trading.