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Salesforce (CRM) Tops Q3 EPS by 9c, Offers Q4 and FY21 Guidance

December 3, 2019 4:07 PM EST

(Updated - December 3, 2019 4:08 PM EST)

Salesforce (NYSE: CRM) reported Q3 EPS of $0.75, $0.09 better than the analyst estimate of $0.66. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.45 billion.

GUIDANCE:

Salesforce sees Q4 2020 EPS of $0.54-$0.55, versus the consensus of $0.62. Salesforce sees Q4 2020 revenue of $4.743-4.753 billion, versus the consensus of $4.72 billion.

Salesforce sees FY2021 revenue of $20.8-20.9 billion, versus the consensus of $20.93 billion.

Salesforce sees Q1 2021 revenue of $4.8-4.835 billion.

Q4 FY20 Guidance

Full Year FY20 Guidance

Q1 FY21 Guidance

Full Year FY21 Guidance

Revenue

$4.743 - $4.753 billion

$16.99 - $17.00 billion

$4.800 - $4.835 billion

$20.80 - $20.90 billion

Y/Y Growth

~32%

~28%

28% - 29%

22% - 23%

GAAP (loss) earnings per share

($0.04) - ($0.03)

$0.44 -$0.45

N/A

N/A

Non-GAAP earnings per share

$0.54 - $0.55

$2.89 - $2.90

N/A

N/A

Operating Cash Flow Growth (Y/Y)

N/A

22% - 23%

N/A

N/A

Current Remaining Performance Obligation Growth (Y/Y)

~21%

N/A

N/A

N/A

The following is a per share reconciliation of GAAP diluted (loss) earnings per share to non-GAAP diluted earnings per share guidance for the next quarter and the full year:

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



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