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Tuesday, December 3, 2019

-=Salesforce (CRM) reported earnings on Tue 3 Dec 19 (a/h)



Salesforce beats by $0.09, beats on revs; guides Q4 EPS below consensus, revs above consensus; raises FY20 EPS and OCF; guides Q1 (Apr) revs in-line; reaffirms FY21 revs guidance
  • Reports Q3 (Oct) earnings of $0.75 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.66; revenues rose 33.0% year/year to $4.51 bln vs the $4.45 bln S&P Capital IQ Consensus; current RPO +28% vs. +24-25% guidance
  • Co issues mixed guidance for Q4, sees EPS of $0.54-0.55, excluding non-recurring items, vs. $0.61 S&P Capital IQ Consensus; sees Q4 revs of 4743-4753 vs. $4.73 bln S&P Capital IQ Consensus. 
  • Raises FY20 EPS to $2.89-2.90 from $2.8-2.84; reaffirms FY20 rev $16.9-17.00 bln (raised two weeks ago); raises OCF to +22-23% from +20-21%.
  • Co issues in-line guidance for Q1 (Apr), sees Q1 (Apr) revs of $4.80-4.835 bln vs. $4.83 bln S&P Capital IQ Consensus.
  • Co reaffirms guidance for FY21, sees FY21 revs of $20.80-20.90 bln vs. $20.89 bln S&P Capital IQ Consensus.

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