Salesforce’s First Quarter Earnings Beat Expectations – TradingView News

Salesforce Inc. reported its first-quarter results, reporting earnings of $2.44 per share, which was better than analyst estimates of $2.37-2.38 per share. This is also an increase from the same quarter last year, when the company reported earnings per share (EPS) of $1.69. The company’s revenue for the quarter ended April 30 was $9.13 billion, up from $8.25 billion a year earlier. However, this amount was slightly lower than the estimated revenue of $9.18 billion.

The company has a history of meeting or exceeding EPS expectations, and this quarter was no exception. This year, the company’s shares have already recorded a 3% increase. Still, the company’s stock structure has narrowed or reversed in the past following after-hours earnings reports, with a reversal rate of 54% in next-day trading.

For the second quarter, Salesforce forecasts non-GAAP net income per share of $2.34 to $2.36 on revenue of $9.2 billion to $9.25 billion. The company also maintained its earlier fiscal 2025 guidance, expecting EPS of $9.86-$9.94 on revenue of $37.7-$38.0 billion.

In addition to the earnings report, Salesforce returned $2.2 billion in share repurchases and $0.4 billion in shareholder dividends in the first quarter. The company’s CEO, Marc Benioff, is scheduled to appear with Jim Cramer on CNBC’s “Mad Money.”