Salesforce (CRM) Nails 3Q Earnings And Sends Shares Flying
Author By Sophia VidaPosted on Shares of Salesforce soared on Thursday after the company reported its third quarter earnings after the bell.
The company reported EPS (non-GAAP) of $0.24 per share, which came in way ahead of the expected $0.21 by analysts.
Revenue at $2.14 billion also came in ahead of the $2.12 billion analysts were looking for. Revenue was also up 25% year-over-year.
After the report shares soared as much as 6% in after-hours trading.
According to Salesforce CEO Marc Benioff, the company is on pace to finally hit the $10 billion annual revenue milestone next year, a goal he’s set years ago as a priority.
“I’m delighted to announce that we expect to deliver our first $10 billion year during our fiscal year 2018, which puts us well on the path to reach $20 billion faster than any other enterprise software company,” Benioff said.
Disclaimer: We have no position in salesforce.com, inc. (NYSE: CRM) and have not been compensated for this article.
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