On Tuesday, December 3, the value of Salesforce shares increased by 9% after this company published information about its earnings for the third fiscal quarter and guidance for the next fiscal quarter, which exceeded analysts’ preliminary expectations.
The mentioned firm’s revenue for the third fiscal quarter ended October 31 was fixed at $9.44 billion. This indicator showed an increase of 8% year-on-year. At the same time, the LSEG consensus forecast provided that the company’s revenue for the specified period would be fixed at $9.34 billion.
Adjusted earnings per share in this case was $2.41. The LSEG consensus forecast stipulated that this indicator would be fixed at $2.44.
The net income of Salesforce for the third fiscal quarter was $1.5 billion. This indicator increased by 25% year-on-year.
The company also expects its sales volume in the fourth fiscal quarter in monetary terms to range from $9.9 billion to $10.1 billion. The LSEG consensus forecast provided that this figure would amount to $10.05 billion.
Earnings per share in the fourth fiscal quarter, according to the company’s expectations, will range from $2.57 to $2.62. The LSEG consensus forecast provided that this figure would be $2.65.
Salesforce also raised the low end of its revenue guidance. The company expects this figure to range from $37.8 billion to $38 billion in fiscal year 2025. The previous version of the forecast provided a range from $37.7 billion to $38 billion.
Salesforce chief executive officer Marc Benioff stated that the company delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO.
As we have reported earlier, Salesforce to Acquire Startup Own.
