Categories AlphaGraphs, Earnings, Technology
CRM Earnings: Key quarterly highlights from Salesforce’s Q2 2023 financial results
Salesforce (NYSE: CRM) reported second quarter 2023 earnings results today.
Total revenues increased 22% year-over-year to $7.72 billion. Revenues grew 26% on a constant currency basis.
Net income dropped to $68 million, or $0.07 per share, compared to $535 million, or $0.56 per share, last year. Adjusted EPS amounted to $1.19.
For the third quarter of 2023, revenues are expected to range between $7.82-7.83 billion.
Both the top and bottom line numbers beat estimates but guidance fell short of expectations, causing the stock to fall 5.5% in after-market hours.
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