Salesforce shares (CRM) jumped in premarket trading Thursday after the enterprise software company reported better-than-expected second-quarter earnings and boosted its full year profit outlook, as customers increased spending on its suite of cloud products.
Salesforce NYSE: CRM is a leading cloud software and technical sector player. Salesforce's earnings report for the second quarter of fiscal year 2025 (Q2 FY2025) was recently released, and the results topped Salesforce's analyst community's expectations, sending Salesforce stock higher in after-hours trading.
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Salesforce, Inc. (NYSE:CRM ) Q2 2025 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Mike Spencer - EVP, Finance and Strategy, IR Marc Benioff - Chair and CEO Amy Weaver - President and CFO Brian Millham - President and COO Sabastian Niles - General Counsel Conference Call Participants Keith Weiss - Morgan Stanley Kash Rangan - Goldman Sachs Kirk Materne - Evercore ISI Brent Bill - Jefferies Operator Welcome to Salesforce's Fiscal 2025 Second Quarter Results Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker, Mike Spencer, Executive Vice President of Finance and Strategy and Investor Relations.
Salesforce Inc. did what it needed to do with its latest earnings report, as the company boosted its margin outlook while keeping its revenue forecast intact.
Revenue of $9.33 billion was up 8% year over year. Diluted EPS reached $1.47, exceeding the upper end of management guidance.
Although the revenue and EPS for Salesforce.com (CRM) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Salesforce.com (CRM) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $2.12 per share a year ago.
Salesforce stock rose after the enterprise software maker reported Q2 earnings, revenue and operating margin that topped estimates.
Salesforce (CRM) delivered second-quarter results that beat expectations on the top and bottom lines and maintained its full-year guidance, sending the company's shares higher in late action.
Salesforce Inc (NYSE:CRM, ETR:FOO) reported strong second-quarter results for fiscal year 2025, surpassing Wall Street expectations on both revenue and earnings, but issued a cautious revenue outlook for the third quarter. For the quarter ending in July, Salesforce recorded revenue of $9.33 billion, a 9% year-over-year increase, and $100 million above analyst estimates.