Salesforce (CRM) earnings Q2 2023


Marc Benioff, co-founder and co-CEO of Salesforce, speaks at the TIME100 Gala on June 8, 2022, in New York.

Kevin Mazur | Getty Images

Salesforce reported earnings and revenue that topped analysts’ estimates but gave a disappointing forecast for fiscal 2023. The stock slid in extended trading on Wednesday.

The company said its board approved a $10 billion stock buyback program, the first ever for Salesforce.

Here’s how the company did:

  • Earnings: $1.19 per share, adjusted, vs. $1.02 per share as expected by analysts, according to Refinitiv.
  • Revenue: $7.72 billion, vs. $7.69 billion as expected by analysts, according to Refinitiv.

Revenue rose 22% from a year earlier in the quarter, which ended…

Source cnbc.com

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