Salesforce’s Financial Results Beat Wall Street Targets

Salesforce’s Financial Results Beat Wall Street Targets
Cloud computing giant Salesforce (CRM) has reported quarterly financial results that beat Wall Street forecasts on the top and bottom lines.

The San Francisco-based producer of customer relations management systems announced earnings per share (EPS) of $2.58 U.S., which was ahead of the $2.54 U.S. consensus expectation of analysts.

Revenue in the quarter totaled $9.83 billion U.S., which beat the $9.75 billion U.S. that was anticipated on Wall Street. Sales were up 8% from a year ago.

Management also raised their full-year guidance, saying they now expect $11.27 U.S. to $11.33 U.S. in earnings per share and $41 billion U.S. to $41.30 billion U.S. in revenue.

That outlook is ahead of Wall Street projections of $11.16 U.S. a share in earnings and $40.82 billion U.S. in sales.

For the current second quarter of the year, Salesforce anticipates earnings of $2.76 U.S. to $2.78 U.S. and $10.11 billion U.S. to $10.16 billion U.S. in revenue.

Analysts had $2.73 U.S. in earnings and $10.01 billion U.S. in revenue penciled in for the company.

Salesforce’s quarterly results come a day after the company announced that it is buying cloud data management firm Informatica (INFA) in an $8 billion U.S. deal that bolsters its push into artificial intelligence (A.I.).

Under terms of the deal, holders of Informatica’s Class A and Class B-1 common stock will receive $25 U.S. in cash per share.

The stock of Salesforce has declined 17% in 2025 to trade at $276.03 U.S. per share.

Tech Insider