Followers | 680 |
Posts | 141212 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Friday, May 29, 2020 4:07:21 PM
By: MarketWatch | May 28, 2020
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were largely in line with Wall Street estimates but offered guidance that fell short.
Salesforce CRM, +2.54% reported net income of $99 million, or 11 cents a share, compared with net income of $392 million, or 49 cents a share, in the year-ago quarter. Adjusted earnings were 70 cents a share, down from 93 cents a share a year ago.
Revenue improved 30% to $4.87 billion from $3.74 billion a year ago.
Analysts surveyed by FactSet had expected adjusted earnings of 69 cents a share on sales of $4.85 billion.
The company offered current second-quarter revenue guidance of $4.89 billion to $4.93 billion, while FactSet analysts are expecting $5.035 billion. Its guidance of adjusted EPS of 66 cents to 67 cents a share fell shy of FactSet projections of 74 cents a share.
“Our results, amidst this global crisis, demonstrated our ability to execute at speed, innovate at scale and the strength of our business model,” Salesforce Chief Executive Marc Benioff said in a statement announcing the results. Benioff, who co-founded the San Francisco-based cloud-computing giant, regained the title of sole CEO in February after sharing the title briefly with former executive Keith Block.
On Wednesday, Salesforce announced a partnership with Workday Inc. WDAY, +7.14% .
Salesforce shares are up 11.5% this year. The broader S&P 500 index SPX, -0.21% is down 6% in 2020.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent CRM News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 09:17:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:58:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:35:59 PM
- Salesforce Announces Timing of its First Quarter Fiscal 2025 Results Conference Call • Business Wire • 05/08/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:24:02 PM
- National College and Career Pathways Initiative Launch Expands to 14 States with a New Investment from Salesforce • PR Newswire (US) • 05/08/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:39:21 PM
- Inclusively and Salesforce Expand Partnership to Deepen Accessibility Resources and Support • Business Wire • 05/07/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 08:54:07 PM
- Form PX14A6G - Notice of exempt solicitation submitted by non-management • Edgar (US Regulatory) • 05/06/2024 08:45:09 PM
- Salesforce Unveils Zero Copy Partner Network, an Ecosystem Committed to Secure, Bidirectional Zero Copy Integration with Salesforce Data Cloud • Business Wire • 04/25/2024 07:15:00 AM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- IHG Hotels & Resorts Aims to Boost Guest Loyalty with Salesforce • Business Wire • 04/22/2024 12:00:00 PM
- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- Samsung Surpasses Apple in Q1 Smartphone Market; Salesforce in Talks to Acquire Informatica, and More News • IH Market News • 04/15/2024 11:06:48 AM
- Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News • IH Market News • 03/28/2024 01:48:04 PM
- Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe… • IH Market News • 03/27/2024 12:13:10 PM
- Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News • IH Market News • 03/26/2024 11:20:49 AM
- Salesforce Grants Equity Awards to Spiff Employees Under Its Inducement Equity Incentive Plan • Business Wire • 03/22/2024 08:02:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:26:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 10:09:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 10:17:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:37:05 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/06/2024 09:32:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:29:37 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM