-=Salesforce (CRM) reported earnings on Tue 31 May 22 (a/h)

 

Salesforce beats by $0.04, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; raises FY23 EPS guidance above consensus, raises non-GAAP operating margin guidance, lowers revenue guidance below consensus

• Reports Q1 (Apr) earnings of $0.98 per share, $0.04 better than the S&P Capital IQ Consensus of $0.94; revenues rose 24.3% year/year to $7.41 bln vs the $7.38 bln S&P Capital IQ Consensus.
• Remaining performance obligation ended the first quarter at approximately $42.0 billion, an increase of 20% year-over-year.
• First quarter non-GAAP operating margin was 17.6%.
• Co issues downside guidance for Q2, sees EPS of $1.01-$1.02 vs. $1.14 S&P Capital IQ Consensus; sees Q2 revs of $7.69-$7.70 bln vs. $7.77 bln S&P Capital IQ Consensus.
• Co updates guidance for FY23, sees EPS of $4.74-$4.76 vs. prior guidance of $4.62-$4.64, above the $4.66 S&P Capital IQ Consensus; sees FY23 revs of $31.7-$31.8 bln vs. prior guidance of $32.0-$32.10 bln, below the $32.06 bln S&P Capital IQ Consensus. Raises FY23 non-GAAP operating margin guidance to ~20.4% from approximately 20%.