Salesforce.com exceeded analysts’ expectations in the first quarter of this year and increased outlook throughout the year. In the last quarter, Salesforce recorded net profit of $ 469 million, or $ 0.50 per share, compared to $ 99 million or $ 0.11 per share last year. Adjusted earnings amounted to $ 1.21 per share, compared to $ 0.70 a year earlier.
Annual revenue rose from 4.87 billion to 5.96 billion dollars.
Analysts consulted by FactSet aimed at a profit of $ 0.88 per share for a turnover of $ 5.89 billion. Salesforce itself aimed for earnings of $ 0.88 to $ 0.89 per share for the first quarter and revenue of $ 5.88 to $ 5.89 billion.
“We’ve had the best quarter ever,” says CEO Marc Benioff. “We believe that our customer 360 platform is one of the most relevant technologies for companies to overcome the coronavirus crisis.” The CEO says he is on track to achieve an annual turnover of 50 billion dollars by 2026.
For the current second quarter, Saleforce aims for adjusted earnings of 0.91 to 0.92 dollars per share with sales of 6.22 to 6.33 billion dollars. Analysts aimed for the second quarter at $ 0.87 per share and $ 6.17 billion respectively.
For the entire fiscal year, Salesforce aimed at adjusted earnings from $ 3.79 to $ 3.81 per share for revenue from $ 25.9 to $ 26 billion, while analysts targeted $ 3.44 per share for revenue from $ 25.75 billion. Previously, Salesforce aimed at $ 3.39 to $ 3.41 per share and revenue from $ 25.65 to $ 25.75 billion.
The outlook has included 500 million euros as a contribution from the acquisition of Slack Technologies announced at the end of last year. Salesforce expects to complete the acquisition in the second quarter. This quarter runs until 31 July.
The share Salesforce.com on Thursday, the e-commerce stock market rose by 4.2 percent.