Salesforce Q1 Adjusted Earnings, Revenue Rise; Sets Guidance

MT Newswires Live04:21

Salesforce (CRM) reported fiscal Q1 adjusted earnings late Wednesday of $3.88 per diluted share, up from $2.58 a year earlier.

Analysts polled by FactSet expected $3.13.

Revenue for the three months ended April 30 was $11.13 billion, up from $9.83 billion a year earlier.

Analysts surveyed by FactSet expected $11.05 billion.

The company expects fiscal Q2 adjusted EPS of $3.25 to $3.27 on revenue of $11.27 billion to $11.35 billion. Analysts expect $3.25 and $11.35 billion, respectively.

For fiscal 2027, the company now expects adjusted EPS of $14.06 to $14.12 on revenue of $45.9 billion to $46.2 billion.

Its prior forecast was for adjusted EPS of $13.11 to $13.19 on revenue of $45.8 billion to $46.2 billion.

Analysts expect $13.23 and $46.12 billion, respectively.

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