Salesforce on Tuesday reported quarterly profit and revenue and its full-year guidance, all above Wall Street estimates but shares fell 5% in extended trading.
The cloud software company posted second-quarter earnings of $2.91 per share, beating analysts’ average estimate of $2.78.
Revenue rose to $10.2 billion from $8.6 billion a year earlier, compared with expectations of $10.14 billion.
Salesforce forecast earnings of $11.33 to $11.37 per share, for fiscal 2026, which too was above consensus estimates of $11.29.
It projected revenue of $41.1 billion to $41.3 billion, in line with the $41.2 billion expected by analysts.
Chief Executive Marc Benioff said the company closed out the first half of the year with strong performance across revenue, margins and cash flow.
President and Chief Operating Officer Robin Washington said the company had achieved its tenth consecutive quarter of operating margin expansion, adding that it exceeded all financial targets in the second quarter.
Source :
https://www.investing.com/news/earnings/salesforce-earnings-and-forecast-beat-fails-to-lift-shares-4222767
