Salesforce (CRM) Tops Q2 EPS by 56c; Raises Outlook

Salesforce (NYSE: CRM) reported Q2 EPS of $1.48, $0.56 better than the analyst estimate of $0.92. Revenue for the quarter came in at $6.34 billion versus the consensus estimate of $6.24 billion.

“With companies and governments around the world continuing to accelerate their digital transformations, we delivered our fifth phenomenal quarter in a row,” said Marc Benioff, Chair & CEO, Salesforce. “Salesforce has never seen better execution or greater momentum. Our Customer 360 platform is now fueled by a herd of unicorns perfectly designed for this all-digital world. Sales, Service, Marketing & Commerce, Platform, Tableau, MuleSoft and now Slack are all billion dollar-plus products delivering customer success like no other company.”

“We had another remarkable quarter of top and bottom line performance, making this an impressive first half of this fiscal year,” said Amy Weaver, President and CFO. “We exceeded our financial expectations in the quarter, achieving record levels of new business, and saw strong demand across our portfolio. And we are excited to build on Slack’s momentum with the power of our two companies now together.”

GUIDANCE:

Salesforce sees FY2022 revenue of $26.2-26.3 billion, versus the consensus of $26.01 billion.

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

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