News & analysis
News & analysis

Salesforce Q2 numbers are in

26 August 2021 By Klavs Valters

Share

Salesforce released its latest earnings numbers for Q2 after the closing bell on Wednesday.

The cloud-based software company reported total revenue of $6.34 billion in the second quarter of the year, beating analyst forecast of $6.24 billion. The total revenue grew by 23% year-over-year. Earnings per share were reported at $1.48 per share, also beating analysts’ forecasts of $0.92 per share.

”With companies and governments around the world continuing to accelerate their digital transformations, we delivered our fifth phenomenal quarter in a row,” said Marc Benioff, Chair & CEO, Salesforce. ”Salesforce has never seen better execution or greater momentum. Our Customer 360 platform is now fueled by a herd of unicorns perfectly designed for this all-digital world. Sales, Service, Marketing & Commerce, Platform, Tableau, MuleSoft and now Slack are all billion dollar-plus products delivering customer success like no other company.”

”We had another remarkable quarter of top and bottom line performance, making this an impressive first half of this fiscal year,” said Amy Weaver, President and CFO. ”We exceeded our financial expectations in the quarter, achieving record levels of new business, and saw strong demand across our portfolio. And we are excited to build on Slack’s momentum with the power of our two companies now together.”

Salesforce.com Inc. (1Y)

Shares of Salesforce were trading higher in the after-hours trading following the latest earnings numbers – up by 1.86%. The stock is up by 20.74% in the last year after ending the trading day on Wednesday at $260.85 per share.

You can trade Salesforce.com Inc. (CRM) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Click here for more information. Trading Derivatives carries a high level of risk.

Sources: Salesforce, TradingView, Refinitiv

The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.

#Economy #Economics #Finance #Markets