Home / Tech / Salesforce edges past Wall Street's revenue target (CRM)

Salesforce edges past Wall Street's revenue target (CRM)

marc benioff

Salesforce beat Wall Street’s financial targets in the third quarter, even as it swung to a loss on tax related issues. 

The San Francisco cloud giant grew its revenue 33% to $4.5 billion in the three months ending October 31, slightly above the $4.45 billion expected by analysts. Excluding certain items, Salesforce reported adjusted earnings per share of $0.75, compared to the $0.66 that Wall Street had forecasted.

Shares of Salesforce traded up and down after the earnings report in extended trading on Tuesday, with the tock down less than 1% at last check. 

Here is what Salesforce reported for its fiscal Q3 2020:

  • Revenue: $4.5 billion. Wall Street expected $4.46 billion.
  • EPS (adjusted): $0.75. Analysts forecasted $0.66
  • EPS (GAAP): Loss of 12 cents per share.

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