scorecard
  1. Home
  2. Enterprise
  3. Salesforce soars on big earnings beat

Salesforce soars on big earnings beat

Eugene Kim   

Salesforce soars on big earnings beat
Enterprise1 min read

Salesforce CEO Marc Benioff

Salesforce

Salesforce CEO Marc Benioff

Salesforce reported its third quarter earnings on Thursday after the bell.

It's a beat across the board and Salesforce's stock is up by as much as 6% in after hours trading.

Here are the most important numbers:

EPS (non-GAAP): $0.24 per share vs. $0.21 per share expected by analysts

Revenue: $2.14 billion vs. $2.12 billion expected by analysts (up by 25% year-over-year)

Salesforce gave fourth quarter revenue guidance in the range of $2.26 billion to $2.27 billion, exceeding street estimates of $2.24 billion.

Salesforce had a busy third quarter. Its huge Dreamforce annual conference took place in October, where it revealed its latest new product, Einstein.

It also had to deal with rumors of buying Twitter, a move investors didn't like and drove the stock down by as much as 8%. Salesforce CEO Marc Benioff was later forced to tell worried investors that he's walking away from the deal to quell investor concerns.

READ MORE ARTICLES ON


Advertisement

Advertisement