Earnings Calendar (26 Feb 2024)
Earnings Calendar (26 Feb 2024)
This week has several earnings of interest that include Baidu, Zoom, Dell, Salesforce and HP.
Let us look at the recent performance of Salesforce
Observations:
Revenue grew from $4B (2014) to $31.3B (TTM 2023) - almost 8x.
Gross Profit grew from $3.1B (2014) to $22.9B (TTM 2023) - almost 7x.
Operating profits grew from a loss of $286M (2014) to $1,858M (TTM 2023).
Salesforce has laid off about 700 workers recently. Will this translate to improved profits in the coming months?
For the coming earnings, the forecast of its EPS and Revenue are $2.27 and $9.22B respectively. Can Salesforce reach a new high following its earnings?
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