Salesforce blows past earnings targets and forecasts a stronger than expected year
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.
NOW WATCH: How to stop robocallers
- A Google engineer found out she had been laid off while she was on vacation when her boss sent her a LinkedIn message
- A laid-off Microsoft software engineer on an H1-B visa said she wonders 'where will I be living' with just 60 days to find a new job
- Laid-off Google employees are turning to a Discord server with nearly 18,000 members for emotional support and financial advice
- 'Waste to wonder' park coming up in Agra
- Measures in place to address excess volatility: Sebi on Adani crisis
- Revival of rural economy to take time in the absence of triggers: JM Financial
- Logistics startup FarEye lays off 90 employees, 2nd job cut in 8 months
- Vani Jayaram, the voice behind 10,000 songs, passes away at 78