salesforce.com (CRM) Tops Q3 EPS by 2c, Beats on Revenues; Offers FY18 Revenue Guidance Above Consensus
salesforce.com (NYSE: CRM) reported Q3 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.68 billion versus the consensus estimate of $2.65 billion.
- As of November 21, 2017, the company is initiating revenue, earnings per share, and deferred revenue guidancefor its fourth quarter of fiscal year 2018. In addition, the company is raising its full fiscal year 2018 revenue and earnings per share guidance, and maintaining its operating cash flow guidance, previously provided on August 22, 2017. The company is also confirming its full fiscal year 2019 revenue guidance, previously provided on November 6, 2017.
- Q4 FY18 Guidance: Revenue is projected to be $2.801 billion to $2.811 billion, an increase of 22% to 23% year-over-year.
- GAAP diluted earnings per share is projected to be $0.03 to $0.04, while non-GAAP diluted earnings per share is projected to be $0.32 to $0.33.
- On balance sheet deferred revenue growth is projected to be 19% to 20% year-over-year.
- Full Year FY18 Guidance: Revenue is projected to be $10.43 billion to $10.44 billion, an increase of 24% year-over-year.
- GAAP diluted earnings per share is projected to be $0.12 to $0.13, while non-GAAP diluted earnings per share is projected to be $1.32 to $1.33.
- Operating cash flow growth is projected to be 20% to 21% year-over-year.
- Full Year FY19 Guidance: Revenue is projected to be $12.45 billion to $12.50 billion, an increase of 19% to 20% year-over-year. The company plans on providing its expectations for FY19 GAAP EPS, non-GAAP EPS, and operating cash flow when it announces its fourth quarter and full fiscal year 2018 results in February 2018.
GUIDANCE:
salesforce.com sees FY2018 EPS of $1.32-$1.33, versus the consensus of $1.32. salesforce.com sees FY2018 revenue of $10.43-10.44 billion, versus the consensus of $1.4 billion.
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