Salesforce (CRM) Tops Q3 EPS by 9c, Offers Q4 and FY21 Guidance
(Updated - December 3, 2019 4:08 PM EST)
Salesforce (NYSE: CRM) reported Q3 EPS of $0.75, $0.09 better than the analyst estimate of $0.66. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.45 billion.
GUIDANCE:
Salesforce sees Q4 2020 EPS of $0.54-$0.55, versus the consensus of $0.62. Salesforce sees Q4 2020 revenue of $4.743-4.753 billion, versus the consensus of $4.72 billion.
Salesforce sees FY2021 revenue of $20.8-20.9 billion, versus the consensus of $20.93 billion.
Salesforce sees Q1 2021 revenue of $4.8-4.835 billion.
Q4 FY20 Guidance | Full Year FY20 Guidance | Q1 FY21 Guidance | Full Year FY21 Guidance | ||||
Revenue | $4.743 - $4.753 billion | $16.99 - $17.00 billion | $4.800 - $4.835 billion | $20.80 - $20.90 billion | |||
Y/Y Growth | ~32% | ~28% | 28% - 29% | 22% - 23% | |||
GAAP (loss) earnings per share | ($0.04) - ($0.03) | $0.44 -$0.45 | N/A | N/A | |||
Non-GAAP earnings per share | $0.54 - $0.55 | $2.89 - $2.90 | N/A | N/A | |||
Operating Cash Flow Growth (Y/Y) | N/A | 22% - 23% | N/A | N/A | |||
Current Remaining Performance Obligation Growth (Y/Y) | ~21% | N/A | N/A | N/A |
The following is a per share reconciliation of GAAP diluted (loss) earnings per share to non-GAAP diluted earnings per share guidance for the next quarter and the full year:
For earnings history and earnings-related data on Salesforce (CRM) click here.