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- Company News: Salesforce (CRM) quarterly results beat analysts’ expectations
Company News: Salesforce (CRM) quarterly results beat analysts’ expectations
Salesforce (CRM) reported Q3 FY 2021 earnings of $1.74 per share (versus $0.75 per share in Q3 FY 2020), beating analysts’ consensus estimate of $0.75 per share.
The company’s quarterly revenues amounted to $5.420 bln (+20% y/y), beating analysts’ consensus estimate of $5.248 bln.
The company also issued upside guidance for Q4 FY 2021 and Q1 FY 2022, projecting revenues of a respective $5.665-$5.675 bln (versus analysts’ consensus estimate of $5.53 bln) and $5.680-$5.715 bln (versus analysts’ consensus estimate of $5.65 bln). For the full FY 2022, it sees revenues of $25.45-$25.55 bln (versus analysts’ consensus estimate of $24.5 bln). This includes approximately $600 mln related to the acquisition of Slack Technologies (WORK).
CRM fell to $228.35 (-5.39%) in pre-market trading.
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