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Salesforce CEO Marc Benioff
It's an overall beat across the board. Shares are up roughly 3% after hours.
Here are the most important numbers:
Revenue: $1.71 billion vs. $1.70 billion expected
EPS: $0.21 per share vs. $0.19 per share (non-GAAP)
The revenue is a 24% jump from the same quarter of last year. Salesforce also raised it full year revenue guidance to $6.64 billion to $6.65 billion.
"I'm delighted to announce that we expect to deliver our first $8 billion year during our fiscal year 2017, which puts us well on the path to reach $10 billion faster than any other
Salesforce shares have been reaching record highs lately after consistently beating earnings expectations in recent quarters.
In the past quarter, Salesforce held its annual Dreamforce conference, which brought in over 170,000 people from all over the world. It also struck a number of deals with Microsoft, which has kept talks of a possible sale afloat even after 6 months the rumor was first reported.
Salesforce has been able to grow at a healthy ~25% rate annually, proving to be a rare breed in the enterprise software space, where most companies of its size see growth slow down. Investors have also been keeping an eye on how Salesforce is managing to improve its operating margin, as it grows into the larger enterprise market.