Salesforce CEO Marc Benioff speaks at the World Economic Forum (WEF) in Davos, Switzerland, on January 18, 2024.
Khalil Sajikaya | Anatolia | Getty Images
salesperson The company’s shares rose 7% on Tuesday after the company reported third-quarter earnings, revenue and fourth-quarter guidance that beat analysts’ expectations.
Here’s how the company performed compared to Wall Street expectations, according to a survey of analysts by London Stock Exchange Group (LSEG):
- Earnings per share: Adjusted $2.41, expected $2.44
- income: US$9.44 billion, expected US$9.34 billion
In the third fiscal quarter ended October 31, the company’s revenue increased by 8% year-on-year.
Salesforce said it expects sales in the fiscal fourth quarter to be between $9.9 billion and $10.1 billion. Analysts expected fourth-quarter sales of $10.05 billion.
The company said it expected fourth-quarter earnings per share in a range of $2.57 to $2.62, compared with analysts’ expectations of $2.65.
Salesforce also raised the lower end of its fiscal 2025 revenue guidance to a range of $37.8 billion to $38 billion.
“We delivered another strong financial performance across revenue, margins, cash flow and cRPO,” Salesforce CEO Marc Benioff said in a statement. “Agentforce is our complete enterprise artificial intelligence system built into the Salesforce platform. , is the core of breakthrough transformation.”
August company declare Chief Financial Officer Amy Weaver will step down as chief financial officer but will continue in the role until the company appoints a successor, after which she will become an advisor. In the same month, activist investor Starboard Value disclose The company increased its stake in Salesforce by about 40% in the second quarter, after the company sent a letter earlier this year saying that Salesforce continued to “move in the right direction” in improving profit margins.
Starboard Value posted Promotional meeting In October, it noted that Salesforce “can continue to become more efficient and profitable.”
