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- Company news: Salesforce’s (CRM) quarterly results slightly beat analysts’ estimates
Company news: Salesforce’s (CRM) quarterly results slightly beat analysts’ estimates
Salesforce (CRM) reported Q4 FY2024 earnings of $2.29 per share (versus $1.68 per share in Q4 FY2023), slightly beating analysts’ consensus estimate of $2.27 per share.
The company’s quarterly revenues amounted to $9.287 bln (+10.8% y/y), slightly beating analysts’ consensus estimate of $9.223 bln.
The company also issued guidance for Q1 FY2025, seeing EPS of $2.37-2.39 versus analysts’ consensus estimate of $2.20 and revenues of $9.12-9.17 bln versus analysts’ consensus estimate of $9.15 bln.
For the full FY2025, Salesforce guided to EPS of $9.68-9.76 versus analysts’ consensus estimate of $9.61 and revenues of $37.70-38.00 bln versus analysts’ consensus estimate of $38.65 bln.
In addition, the company initiated a quarterly dividend of $0.40/share and increased share repurchase program authorization by $10 bln.
CRM fell to $294.06 (-1.90%) in pre-market trading.
