Salesforce.com (CRM) Tops Q1 Earnings and Revenue Estimates

Core Viewpoint - Salesforce.com reported quarterly earnings of $2.58 per share, exceeding the Zacks Consensus Estimate of $2.54 per share, and showing an increase from $2.44 per share a year ago, indicating a positive earnings surprise of 1.57% [1] - The company generated revenues of $9.83 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.95% and reflecting a year-over-year increase from $9.13 billion [2] Financial Performance - Over the last four quarters, Salesforce.com has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is $2.72, with expected revenues of $10.02 billion, while the estimate for the current fiscal year is $11.12 on revenues of $40.75 billion [7] Market Performance - Salesforce.com shares have declined approximately 17.1% since the beginning of the year, contrasting with the S&P 500's gain of 0.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Computer - Software industry, to which Salesforce.com belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8] - Another company in the same industry, Oracle, is expected to report quarterly earnings of $1.64 per share, reflecting a year-over-year change of +0.6%, with revenues projected at $15.54 billion, up 8.8% from the previous year [9]