Salesforce (NYSE:CRM) Fiscal Q1 Adjusted Earnings, Revenue Advance; Sets Fiscal Q2 Guidance; Updates Fiscal 2024 Outlook
Salesforce (NYSE:CRM) reported fiscal Q1 adjusted earnings of $1.69 per diluted share, up from $0.98 a year earlier. Analysts polled by Capital IQ expected $1.61. Revenue for the quarter ended April 30 was $8.25 billion, up from $7.41 billion a year earlier. Analysts surveyed by Capital IQ expected $8.17 billion. The customer-management software company said it expects fiscal Q2 adjusted EPS of $1.89 to $1.90 on revenue of $8.51 billion to $8.53 billion. Analysts polled by Capital IQ are looking for $1.71 and $8.49 billion, respectively. Salesforce also said it now expects fiscal 2024 adjusted EPS of $7.41 to $7.43. That compares with its prior guidance of $7.12 to $7.14. Analysts surveyed by Capital IQ are expecting $7.17. Revenue for the current fiscal year is still projected to be in the range of $34.5 billion to $34.7 billion, the company said. Analysts polled by Capital IQ are expecting $34.65 billion.