Salesforce Inc reports results for the quarter ended January 31 - Earnings Summary

• Salesforce Inc CRM.N reported quarterly adjusted earnings of $3.25​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of $2.41. The mean expectation of forty three analysts for the quarter was for earnings of $3.04 per share. Wall Street expected results to range from $3.02 to $2.95 per share.

• Revenue rose 8.6% to $10.26 billion from a year ago; analysts expected $10.27 billion.

• Salesforce Inc's reported EPS for the quarter was $2.19​.

• The company reported quarterly net income of $2.09 billion.

• Salesforce Inc shares had fallen by 30.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 42 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Salesforce Inc is $300.00, about 36.1% above its last closing price of $191.75

This summary was machine generated from LSEG data February 25 at 10:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)