Earnings

Salesforce (CRM) earnings Q1 2022

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Marc Benioff, CEO of Salesforce.

Adam Jeffery | CNBC

Salesforce shares rose 5% in extended trading on Thursday after the cloud software maker issued earnings and guidance that surpassed analysts’ expectations.

Here’s how the company did:

  • Earnings: $1.21 per share, adjusted, vs. 88 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $5.96 billion, vs. $5.89 billion as expected by analysts, according to Refinitiv.

Revenue grew 23% year over year in the fiscal first quarter, which ended April 30, the company said in a statement. In the previous quarter revenue increased by 20%.

The company will hold its major Dreamforce conference in person in San Francisco as well as in New…



Source cnbc.com

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