Salesforce (CRM) shares slide despite topping earnings, revenue expectations

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Go back to Salesforce (CRM) shares slide despite topping earnings, revenue expectations

Bret Taylor to Step Down as Salesforce Vice Chair and Co-CEO; Marc Benioff to be Chair and CEO

November 30, 2022 4:06 PM EST

SAN FRANCISCO--(BUSINESS WIRE)-- Salesforce (NYSE: CRM) today announced that Bret Taylor will step down as Vice Chair and Co-CEO of Salesforce, effective January 31, 2023. At that point, Marc Benioff will be Chair and CEO of the company.

I am grateful for six fantastic years at Salesforce, said Taylor. Marc was my mentor well before I joined Salesforce and the... More

Salesforce Announces Solid Third Quarter Fiscal 2023 Results

November 30, 2022 4:04 PM EST

SAN FRANCISCO--(BUSINESS WIRE)-- Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its third quarter fiscal 2023 ended October 31, 2022.

Revenue of $7.84 Billion, up 14% Y/Y, up 19% Constant Currency ("CC") GAAP Earnings per Share ("EPS") of $0.21 and Non-GAAP EPS of $1.40 Current Remaining Performance Obligation of $20.9 Billion, up 11% Y/Y, 15% CC Fourth Quarter FY23 Revenue Guidance of $7.932 Billion to $8.032 Billion, up 8% to 10% Y/Y, 12% to 13% CC Full Year FY23 Revenue Guidance of $30.9 Billion to $31.0 Billion, up 17% Y/Y, 20%... More