Salesforce (CRM) Nails 3Q Earnings And Sends Shares Flying

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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, inc. (NYSE: CRM) and have not been compensated for this article.

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