Written By “Are you curious about what Salesforce, the world’s leading customer relationship management (CRM) company, has in store for investors? Look no further than their recent earnings call. We’ve gathered 3 key takeaways from this highly anticipated event that will give you a glimpse into the state of the CRM market and where Salesforce is headed. From impressive revenue growth to strategic acquisitions, we have all the juicy details right here!”
Salesforce’s quarterly revenue and EPS top expectations
Salesforce’s quarterly revenue and EPS top expectations, with EPS coming in at $0.74 and revenue coming in at $3.39 billion. This is up from the $0.68 EPS and $3.11 billion in revenue that analysts were expecting.
The company’s guidance for the full fiscal year falls short
Salesforce’s guidance for the full fiscal year falls short of analyst expectations, with the company expecting non-GAAP earnings per share of $2.93 to $2.95 on revenue of $16.45 billion to $16.5 billion. Analysts were expecting earnings of $3.02 on revenue of $16.61 billion.
Salesforce is seeing strong demand for its products
Salesforce is seeing strong demand for its products, with CEO Marc Benioff saying that the company is “investing heavily” to meet this demand. The company is also seeing good growth in its subscription business, which Benioff said is “on track to be our largest and most profitable business.”
Key takeaways for investors
1. Salesforce’s (CRM) fiscal first-quarter results were impressive, with the company’s EPS and revenue both coming in above expectations.
2. Management provided an upbeat outlook for the full year, calling for double-digit EPS growth and continued momentum in the company’s core sales and marketing cloud businesses.
3. However, shares of Salesforce fell in after-hours trading as investors reacted to the company’s renewed guidance for its acquisition of MuleSoft (MULE).
4. Overall, it was a strong quarter for Salesforce, and investors should continue to keep an eye on the stock as management looks to execute on its growth initiatives.
