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Salesforce Q1 results tops expectations; Reiterates FY outlook

Investing.com -- Salesforce reported Wednesday fiscal first-quarter results and revenue guidance for the current quarter that topped expectations. 

Salesforce.com (NYSE:CRM) shares fell 4% in after-hours trade following the report.

Salesforce.com announced adjusted EPS of $1.69 on revenue of $8.25 billion. Analysts polled by Investing.com anticipated EPS of $1.61 on revenue of $8.18B.

Subscription and support revenues for the quarter were $7.64B, an increase of 11% year-over-year. Professional services and other revenues for the quarter were $0.61B, an increase of 9% year-over-year.

Looking ahead, the company reiterated full-year 2024 guidance to between $34.5B to $34.7B.

The company forecast Q2  revenue in the range of $8.51B to $8.53B, above Wall Street estimates for $8.49B. 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.