john m. Chase
sales force (New York Stock Exchange: Customer Relationship Management) Involved decreased about 11% in extended trading for hours on Wednesday after the enterprise software giant reported first-quarter financial results and guidance that beat estimates.
For the period ending April 30, Salesforce earned adjusted earnings of $2.44 per share on revenue of $9.13 billion. Marketing and trade revenues It amounted to $1.28 billion during this period, while revenues from services amounted to $2.18 billion. Subscription and support revenue generated $8.59 billion during the period.
The analyst consensus estimates Salesforce will earn $2.37 per share on revenue of $9.15 billion.
Looking to the second quarter, Salesforce expects to earn between $2.34 and $2.36 per share on an adjusted basis, less than the $2.40 that analysts expected. Sales are expected to range between $9.2 billion and $9.25 billion, below estimates of $9.35 billion.
However, the company maintained its full-year outlook, seeing fiscal 2025 sales of between $37.7 billion and $38 billion, below estimates of $38.05 billion. Full-year earnings are expected to be between $9.86 and $9.94 per share on an adjusted basis, above estimates of $9.80 per share.
The company will host a conference call at 5 p.m. EST to discuss the results.