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30.05.2024

Company news: Salesforce (CRM) quarterly earnings beat analysts’ expectations

Salesforce (CRM) reported Q1 FY2025 earnings of $2.44 per share (versus $1.69 per share in Q1 FY2024), beating analysts’ consensus estimate of $2.37 per share.

The company’s quarterly revenues amounted to $9.133 bln (+10.7% y/y), slightly missing analysts’ consensus estimate of $9.151 bln.

The company also issued downside guidance for Q2 FY2025, seeing EPS of $2.34-2.36 versus analysts’ consensus estimate of $2.40 and revenues of $9.20-9.25 bln versus analysts’ consensus estimate of $9.35 bln.

Salesforce also said it sees FY2025 EPS of $9.86-9.94 versus analysts’ consensus estimate of $9.80 and reaffirmed FY2025 revenues of $37.70-38.00 bln versus analysts’ consensus estimate of $38.05 bln.

CRM fell to $228.67 (-15.81%) in pre-market trading.

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