• Company News: Salesforce.com (CRM) quarterly results beat analysts’ estimates

Market news

26 February 2021

Company News: Salesforce.com (CRM) quarterly results beat analysts’ estimates

Salesforce.com (CRM) reported Q4 FY 2021 earnings of $1.04 per share (versus $0.66 per share in Q4 FY 2020), beating analysts’ consensus estimate of $0.75 per share.

The company’s quarterly revenues amounted to $5.817 bln (+19.9% y/y), beating analysts’ consensus estimate of $5.682 bln.

The company also issued upside guidance for Q1 FY 2022, projecting EPS of $0.88-0.89 versus analysts’ consensus estimate of $0.76 and revenues of $5.875-5.885 bln versus analysts’ consensus estimate of $5.72 bln.

For the full FY 2022, it guided EPS of $3.39-3.41 versus analysts’ consensus estimate of $3.51 and revenues of $25.65-25.75 bln versus analysts’ consensus estimate of $25.43 bln.

CRM fell to $222.00 (-3.93%) in pre-market trading.

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