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While the top- and bottom-line numbers for Salesforce.com (CRM) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Salesforce.com (CRM) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.68 per share a year ago.
Salesforce (CRM) swung to a profit in the fourth quarter of its fiscal year 2024, exceeding analysts' estimates for revenue and earnings. Shares in the company fell, however, as guidance for the current fiscal year fell short of expectations.
Salesforce (CRM) reported fourth-quarter adjusted earnings per share of $2.29 compared to estimates of $2.27. Revenue of $9.29 billion was slightly better than the expected $9.22 billion.
Salesforce Inc (NYSE:CRM, ETR:FOO) posted another solid financial performance on Wednesday, but a disappointing guidance overshadowed the company's earnings beat. The company provided adjusted fiscal first-quarter earnings guidance of $2.37 to $2.39 per share, with revenue projected to range between $9.12 billion and $9.17 billion.
Salesforce said revenue growth will slow to 8.6% in the new fiscal year, but revenue guidance exceeds Wall Street's estimates.
Benioff has spent millions of dollars quietly buying up roughly 600 acres of green landscapes in Waimea, Hawaii.
Salesforce Inc (NYSE:CRM, ETR:FOO) was hit with a share price target upgrade by Wedbush ahead of its results on Wednesday, which the bank noted could well bring an earnings beat. According to Wedbush, Salesforce should prove in the post-close update that it has bounced back after a cost-cutting plan and strategic refocus on hiking margins.
Earnings are coming up for Salesforce and this option trade can profit while limiting risk.
The AI chatbot revolution seems to be in full swing, with many impressive large language models (LLMs) looking to grab a slice (or perhaps a big chunk) of ChatGPT's lunch. Undoubtedly, OpenAI is an incredibly disruptive company that seems to be leading in the AI race.