Company News: Salesforce (CRM) quarterly results beat analysts’ expectations

Market news

2 December 2020

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.

UK's PM Johnson: Vaccine approval is not the end of the struggle against the virus

Senior EU diplomat: EU's chief Brexit negotiator Barnier told the block's diplomats that coming days decisive for UK trade deal - Reuters reports

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.