Categories AlphaGraphs, Technology

Key highlights from Salesforce.com (CRM) Q3 2021 earnings results

Salesforce.com, Inc. (NYSE: CRM) reported third quarter 2021 earnings results today.

Revenues rose 20% year-over-year to $5.42 billion. Revenue growth was 19% in constant currency.

The company reported a GAAP net income of $1 billion, or $1.15 per share, compared to a loss of $109 million, or $0.12 per share, last year. Adjusted EPS was $1.74.

The company expects revenues to increase approx. 17% year-over-year to approx. $5.66-5.67 billion in the fourth quarter of 2021. FY2021 revenues are expected to increase around 23% year-over-year to approx. $21.10-21.11 billion.

For the first quarter of 2022, revenues are estimated to be $5.68-5.71 billion and for the full year of 2022, revenues are projected to be $25.45-25.55 billion.

Salesforce.com also announced the retirement of its CFO Mark Hawkins. Amy Weaver will take over as President and CFO effective February 1, 2021.

In a separate release, Salesforce.com announced that it will acquire Slack Technologies Inc. (NYSE: WORK) for approx. $27.7 billion. The deal is expected to close in the second quarter of 2022.

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

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