Marc Benioff, chief executive officer of Salesforce speaks during the World Economic Forum (WEF) in Davos, Switzerland on January 18, 2024.Salesforce shares were up 7% on Tuesday after the company reported its fiscal third-quarter earnings, reporting revenue and fiscal fourth-quarter guidance that exceeded analysts' expectations.Here is how the company did compared to what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.41 adjusted vs. $2.44 expectedRevenue: $9.44 bil ...

Revenue and Growth - Third Quarter Revenue of $9.44 Billion, up 8% Year-Over-Year (Y/Y) and in Constant Currency (CC), with Subscription & Support Revenue of $8.88 Billion, up 9% Y/Y and in CC[3] - Fourth Quarter FY25 Revenue Guidance of $9.90 Billion - $10.10 Billion, up 7% - 9% Y/Y[4] - Full Year FY25 Revenue Guidance raised to $37.8 Billion - $38.0 Billion, up 8% - 9% Y/Y, with Subscription & Support Revenue Growth Guidance slightly below 10% Y/Y and approximately 10% in CC[4] - Total revenues for the three months ended October 31, 2024, were $9.444 billion, compared to $8.720 billion in the same period in 2023, representing an 8.3% increase[22] - Subscription and support revenues for the three months ended October 31, 2024, were $8.879 billion, up 9.1% from $8.141 billion in the same period in 2023[22] - Subscription and support revenues for the three months ended October 31, 2024, totaled $8.879 billion, up from $8.141 billion in the same period in 2023[30] - Total revenue for the three months ended October 31, 2024, was $9.444 billion, with $6.220 billion from the Americas, $2.228 billion from Europe, and $996 million from Asia Pacific[31] - Revenue from the Americas for the nine months ended October 31, 2024, was $18.483 billion, up from $17.113 billion in the same period in 2023[31] - Revenue from Europe for the nine months ended October 31, 2024, was $6.557 billion, compared to $5.923 billion in the same period in 2023[31] - Subscription and support revenues constant currency growth rates for Sales increased by 11% in Q3 2024 compared to Q3 2023[32] - Asia Pacific region showed the highest revenue constant currency growth rate at 14% in Q3 2024 compared to Q3 2023[32] - Constant currency revenue growth rates exclude the effect of foreign currency rate fluctuations[46] Profitability and Margins - Third Quarter GAAP Operating Margin of 20.0% and non-GAAP Operating Margin of 33.1%, up 280 basis points and 190 basis points Y/Y respectively[3] - Full Year FY25 GAAP Operating Margin Guidance raised to 19.8% and non-GAAP Operating Margin Guidance raised to 32.9%[4] - Gross profit margin for the three months ended October 31, 2024, was 78%, up from 75% in the same period in 2023[24] - Non-GAAP income from operations for Q3 2024 was $3,123 million, up from $2,717 million in Q3 2023[33] - Non-GAAP operating margin for Q3 2024 was 33.1%, compared to 31.2% in Q3 2023[33] - Non-GAAP operating margin excludes stock-based compensation, amortization of intangibles, and restructuring charges[39] Cash Flow and Capital Returns - Third Quarter Operating Cash Flow of $1.98 Billion, up 29% Y/Y, and Free Cash Flow of $1.78 Billion, up 30% Y/Y[3] - Full Year FY25 Operating Cash Flow Growth Guidance raised to 24% - 26% Y/Y[4] - Total capital returns to stockholders have surpassed $20 billion to date, with $1.6 billion returned in the third quarter through share repurchases and dividend payments[3] - Net cash provided by operating activities for the nine months ended October 31, 2024, was $9.122 billion, up from $6.831 billion in the same period in 2023, a 33.5% increase[26] - Free cash flow for Q3 2024 was $1.779 billion, a 30.2% increase from $1.366 billion in Q3 2023[36] - Free cash flow is defined as GAAP net cash provided by operating activities less capital expenditures[47] - Capital expenditures for the nine months ended October 31, 2024, were $504 million, down from $589 million in the same period in 2023[26] - Repurchases of common stock for the nine months ended October 31, 2024, totaled $7.753 billion, compared to $5.928 billion in the same period in 2023[26] - Capital expenditures for Q3 2024 were $204 million, a 22.9% increase from $166 million in Q3 2023[36] Performance Obligations and Liabilities - Current Remaining Performance Obligation (cRPO) of $26.4 Billion, up 10% Y/Y and in CC[3] - Remaining Performance Obligation (RPO) as of October 31, 2024, was $53.1 billion, with $26.4 billion current and $26.7 billion noncurrent[28] - Unearned revenue at the end of the three months ended October 31, 2024, was $13.472 billion, compared to $12.564 billion for the same period in 2023[29] - Total current remaining performance obligation constant currency growth rate was 10% in Q3 2024 compared to Q3 2023[32] Expenses and Investments - Research and development expenses for the three months ended October 31, 2024, were $1.356 billion, up 12.6% from $1.204 billion in the same period in 2023[22] - Sales and marketing expenses for the three months ended October 31, 2024, were $3.323 billion, up 4.7% from $3.173 billion in the same period in 2023[22] - Research and development expenses for Q3 2024 were $278 million, up from $238 million in Q3 2023[34] - Sales and marketing expenses for Q3 2024 were $312 million, compared to $275 million in Q3 2023[34] - Stock-based compensation expense for Q3 2024 was $820 million, compared to $693 million in Q3 2023[33] Net Income and Earnings Per Share - Net income for the three months ended October 31, 2024, was $1.527 billion, compared to $1.224 billion in the same period in 2023, a 24.8% increase[22] - Net income for the three months ended October 31, 2024, was $1.527 billion, compared to $1.224 billion for the same period in 2023, representing a 24.8% increase[26] - Non-GAAP net income for Q3 2024 was $2.321 billion, a 12.2% increase from $2.068 billion in Q3 2023[36] - GAAP basic net income per share for Q3 2024 was $1.60, a 27.0% increase from $1.26 in Q3 2023[36] - Non-GAAP basic net income per share for Q3 2024 was $2.43, a 14.1% increase from $2.13 in Q3 2023[36] - Non-GAAP net income for Q3 2024 was $2,321 million, compared to $2,068 million in Q3 2023[33] - Non-GAAP diluted net income per share for Q3 2024 was $2.41, up from $2.11 in Q3 2023[33] Balance Sheet and Equity - Cash and cash equivalents as of October 31, 2024, were $7.997 billion, down from $8.472 billion as of January 31, 2024[25] - Accounts receivable, net, as of October 31, 2024, were $4.741 billion, down from $11.414 billion as of January 31, 2024[25] - Total current liabilities as of October 31, 2024, were $19.375 billion, down from $26.631 billion as of January 31, 2024[25] - Total stockholders' equity as of October 31, 2024, was $58.525 billion, down from $59.646 billion as of January 31, 2024[25] AI and Innovation - Agentforce, Salesforce's AI system for enterprises, is highlighted as a key driver of transformation and digital labor innovation[4] Tax and Non-GAAP Adjustments - The company uses a projected non-GAAP tax rate of 23.5% for fiscal 2024 and 22.0% for fiscal 2025[45] - Non-GAAP operating margin excludes stock-based compensation, amortization of intangibles, and restructuring charges[39]

Sign with logo at the regional office of Salesforce in the Silicon Valley, Palo Alto, California, ... [+] November 2, 2018. (Photo by Smith Collection/Gado/Getty Images)Getty ImagesSalesforce.com is scheduled to report earnings after Tuesday’s close. The stock hit a record high of $348.86/share in 2024 and is currently trading near $329. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap do ...

Salesforce Inc CRM will be reporting its third-quarter earnings on Tuesday. Wall Street expects $2.44 in EPS and $9.34 billion in revenues as the company reports after market hours.The stock is up 32.47% over the past year and 11.42% over the past month.Let’s look at what the charts indicate for Salesforce stock and how the stock currently maps against Wall Street estimates.Read Also: Salesforce Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate AnalystsSalesforce S ...

Salesforce Inc (NYSE:CRM) stock is 0.5% higher to trade at $331.52 at last glance, as the cloud software company prepares for its third-quarter earnings report, due out after the close on Tuesday, Dec. 3. While earnings could cause some short-term volatility, there's a seasonality picture taking form that's more worrisome in the long term.According to Schaeffer's Senior Quantitative Analyst Rocky White's list of the 25 worst returns in December, CRM is the worst performing stock on the S&P 500 Index (SPX) w ...

Source: TradingView.com.Key TakeawaysSalesforce shares are in the spotlight this week as the cloud software company is scheduled to release its quarterly results after the market closes on Tuesday.The stock formed a textbook cup and handle pattern between November 2021 and November this year before breaking out above the bullish chart formation last month.Investors should monitor important support levels on the Salesforce chart around $312, $270, and $232, while watching an upside price target at $500. Sa ...

Salesforce, Inc. (CRM) is gearing up to announce its third-quarter fiscal 2025 results on Dec. 3, with the Zacks Consensus Estimate pointing to a 15.2% year-over-year rise in non-GAAP earnings per share (EPS) to $2.43.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.While this suggests some optimism on the surface, the underlying picture reveals significant challenges. The double-digit growth rate in earnings, though respectable, pales compared to the consistent 35%+ gains Salesforce ...

NEW YORK and LONDON, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Traders talk to salespeople at banks and brokerages every day. They gather a lot of valuable information from these interactions, most of which is never saved. Savvy hedge fund managers are now beginning to capture all of this information to create intelligence that augments their own internal research in informing their investment decisions. The new Navatar platform is designed to automatically capture and harness this intelligence. It uses AI to autom ...

Salesforce, Inc. CRM will release earnings results for the third quarter, after the closing bell on Tuesday, Dec. 3.Analysts expect Salesforce to report quarterly earnings at $2.45 per share. That's up from $2.11 per share a year ago. The San Francisco, California-based company projects to report quarterly revenue of $9.35 billion, compared to $8.72 billion a year earlier, according to data from Benzinga Pro.On Nov. 20, Salesforce unveiled a groundbreaking tool for managing artificial intelligence (AI) agen ...

AdShooter Listen below or on the go on Apple Podcasts and Spotify Nonfarm payrolls are seen up 200K for November. (0:18) Salesforce leads the smaller earnings parade. (1:11) Trump threatens BRICs over greenback. (2:52) The following is an abridged transcript: The labor market comes back to the forefront this week with the November jobs report due on Friday. Last week’s sticky inflation data bolstered the chances of a December Fed rate cut, but a weak payrolls figure could slash those expectations aga ...