26 August 2021
3508
2 min.
5
The company's earnings
After Salesforce reported its most incredible quarter in the company's history, its shares rose. Also, the company safely completed a deal with Slack, at the same time that the app's revenues rose 39% for the quarter.
Salesforce (CRM) released its financial report for Q2 FY2022 on Wednesday, which ended 31 July.
The reporting quarter's revenues and profits for the world's number one digital customer relationship management (CRM) platform, as well as its forecasts for the current quarter and the full fiscal year, were above Wall Street's average estimates.
As a result, the company's shares are up 2% after this week's close of trading on Wednesday.
Salesforce's cloud-based CRM applications offer easy-to-implement solutions for improving sales, service, marketing and more, which do not require an IT expert to set up or manage.
Salesforce report
Earnings per share rose to $1.48, above market analysts' average estimate of $0.92.
Total quarterly revenues rose 23% to a record $6.34 billion, beating Wall Street expectations of $6.24 billion. It was the company's first quarter with sales of more than $6 billion.
On 21 July, Salesforce completed its $27.7bn acquisition of Slack, an app created for teams to work remotely. According to Amy Weaver, Salesforce's chief financial officer, Slack's revenues were up 39% for the quarter.
Last week Salesforce said that the combined Slack and Salesforce 360 platform, called Slack-First Customer 360, had major customers such as IBM (IBM) and Sonos.
Salesforce forecasts
Third-quarter earnings of $0.91-$0.92 per share above estimates of $0.82, revenue of $6.78-$6.79 billion above expectations of $6.66 billion.
Salesforce raised its full-year earnings forecast to $4.36-$4.38 per share against estimates of $3.82, its FY2022 revenue forecast was raised to $26.2-$26.3 billion, also above average analyst expectations of $26.01 billion.
Salesforce's full-year revenue guidance includes $530 million from Slack, which is $30 million more than the company forecasted a quarter earlier.
Persons1 and Companies4 in the news
Section:
Related news
158
373
936
Last news
Rating companies
14 Mention
14 Mention
12 Mention
11 Mention
10 Mention
10 Mention
10 Mention
8 Mention
8 Mention
7 Mention
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director
