Categories AlphaGraphs, 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.

Prior performance

Salesforce Q1 2023 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top