salesforce.com (CRM) Tops Q1 EPS by 2c, Offers FY and Q2 Guidance

(Updated - May 18, 2017 4:13 PM EDT)

salesforce.com (NYSE: CRM) reported Q1 EPS of $0.28, $0.02 better than the analyst estimate of $0.26. Revenue for the quarter came in at $2.39 billion versus the consensus estimate of $2.35 billion.

GUIDANCE:

salesforce.com sees FY2018 EPS of $1.28-$1.30 vs consensus of $1.29. salesforce.com sees FY2018 revenue of $10.25-10.3 billion, versus the consensus of $10.2 billion.

• Operating cash flow growth is projected to be 20% to 21% year-over-year.

Q2 FY18 Guidance:

• Revenue is projected to be approximately $2.51 billion to $2.52 billion, an increase of 23% to 24% year-over-year.
• GAAP diluted earnings per share is projected to be $0.00 to $0.01, while non-GAAP diluted earnings per share is projected to be $0.31 to $0.32.
• On balance sheet deferred revenue growth is projected to be approximately 22% year-over-year.

(Street sees Q2 EPS of $0.31 on revenue of $2.48 billion)

For earnings history and earnings-related data on salesforce.com (CRM) click here.

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