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- Salesforce tops estimates
- 1 Month: -10.01%
- 3 Month: -26.69%
- Year-to-date: -17.80%
- 1 Year: -2.15%
News & AnalysisSalesforce.com Inc. (CRM) reported its fourth-quarter earnings results after the closing bell over Wall Street today – surpassing analyst expectations.
World’s leading customer relationship management (CRM) company reported revenue of $7.326 billion (an increase of 26% year-over-year) vs. $7.242 billion expected.
Earnings per share reported at $0.84 a share vs. $0.75 a share expected.
”We had another phenomenal quarter and full-year of financial results,” Marc Benioff, Chair and Co-CEO of Salesforce said following the latest results.
”As we continue to see tremendous demand from customers, we’re raising our FY23 re venue guidance to $32.1 billion at the high-end of range, with non-GAAP operating margin of 20%, and operating cash flow growth of 22% year-over-year,” Benioff continued.
Bret Taylor, Co-CEO of Salesforce, also commented on the strong financial results: ”With our customers’ success driving our financial success, we’re generating disciplined, profitable growth at scale quarter after quarter.”
”Our Customer 360 platform has never been more strategic or relevant in driving the growth and resilience of our customers around the world.”
Salesforce.com Inc. (CRM)
Share price of Salesforce was little changed at the end of the trading day on Wall Street Tuesday, down by 0.78% at $208.36 per share.
Here is how the stock has performed in the past year –
Salesforce.com Inc. is the 51st largest company in the world with total market cap of $205.75 billion.
You can trade Salesforce.com Inc. (CRM) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: Salesforce.com Inc., TradingView, MetaTrader 5, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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