Cloud computing giant Salesforce (CRM) has reported quarterly financial results that beat Wall Street forecasts on the top and bottom lines.
The San Francisco-based producer of customer relations management systems announced earnings per share (EPS) of $2.58 U.S., which was ahead of the $2.54 U.S. consensus expectation of analysts.
Revenue in the quarter totaled $9.83 billion U.S., which beat the $9.75 billion U.S. that was anticipated on Wall Street. Sales were up 8% from a year ago.
Management also raised their full-year guidance, saying they now expect $11.27 U.S. to $11.33 U.S. in earnings per share and $41 billion U.S. to $41.30 billion U.S. in revenue.
That outlook is ahead of Wall Street projections of $11.16 U.S. a share in earnings and $40.82 billion U.S. in sales.
For the current second quarter of the year, Salesforce anticipates earnings of $2.76 U.S. to $2.78 U.S. and $10.11 billion U.S. to $10.16 billion U.S. in revenue.
Analysts had $2.73 U.S. in earnings and $10.01 billion U.S. in revenue penciled in for the company.
Salesforce’s quarterly results come a day after the company announced that it is buying cloud data management firm Informatica (INFA) in an $8 billion U.S. deal that bolsters its push into artificial intelligence (A.I.).
Under terms of the deal, holders of Informatica’s Class A and Class B-1 common stock will receive $25 U.S. in cash per share.
The stock of Salesforce has declined 17% in 2025 to trade at $276.03 U.S. per share.
