Salesforce.com: Fiscal Q1 Earnings Snapshot
By Ap News
Published - May 29, 2024, 04:12 PM ET
Last Updated - May 29, 2024, 04:12 PM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce.com Inc. (CRM) on Wednesday reported fiscal first-quarter earnings of $1.53 billion.
The San Francisco-based company said it had net income of $1.56 per share. Earnings, adjusted for one-time gains and costs, were $2.44 per share.
The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.38 per share.
The customer-management software developer posted revenue of $9.13 billion in the period, which fell short of Street forecasts. Fifteen analysts surveyed by Zacks expected $9.14 billion.
