Earnings Salesforce Announces Record Second Quarter Fiscal 2020 Results. Salesforce became a bit more volatile on reports that it will acquire Slack. Salesforce.com, Inc. reports third quarter 2020 earnings after Tuesday's closing bell, with analysts expecting the Dow Jones Industrial Average's newest member to post earnings … Shares of CRM rallied 26% the day after their FQ2 results in late August following a massive beat and … Salesforce.com (CRM) delivered earnings and revenue surprises of 135.14% and 3.29%, respectively, for the quarter ended October 2020. Salesforce.com (CRM) will report its fiscal Q3 earnings today after the close. SAN FRANCISCO, Calif. - August 25, 2020 - Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal second quarter ended July 31, 2020. Related: Salesforce Q2 2020 Earnings Conference Call Transcript. SAN FRANCISCO (AP) _ Salesforce.com Inc. (CRM) on Tuesday reported fiscal third-quarter net income of $1.08 billion, after reporting a loss in the same period a year earlier.On a per-share basis, the San Francisco-based company said it had net income of $1.15. Also Read: Stock selloff raises questions about sustainability of Zoom Video's growth. Salesforce may report a growth slowdown when it publishes earnings next week. “We had another record quarter, and now we’re raising our FY21 revenue guidance to $21.11 billion at the high end and initiating FY22 guidance of $25.5 billion. Salesforce deal to buy Slack expected to be announced Tuesday after market close. Salesforce Earnings Aren't Even The Biggest Mover For This Stock. Salesforce's CRM third-quarter fiscal 2021 results are likely to benefit from increased adoption of the company's cloud-based solutions. The results are scheduled for a Dec 1 release. In the first quarter of 2021, revenues are seen growing by a third to the range of $4.800 billion to $4.835 billion. Salesforce releases its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever. Mark-to-market accounting of the company's strategic investments, required by ASU 2016-01, benefited GAAP earnings per share by $0.38 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.39 based on a non-GAAP tax rate of 22.5%. Excluding the reaction to the earnings announcement, Salesforce stock is up 12% so far in 2020. Salesforce shares were trading down 3.3% in Tuesday's after-hours session. Earnings for Salesforce (CRM) Earnings in 2020 (TTM): $0.06 B According to Salesforce's latest financial reports the company's current earnings (TTM) are $0.06 B.In 2019 the company made an earning of $0.75 B a decrease over its 2018 earnings that were of $0.96 B.The earnings displayed on this page are the earnings before interest and taxes or simply EBIT. The company forecasts full-year 2021 revenues to be between $20.80 billion and $20.90 billion. Prior to the announcement, Salesforce was … Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Its revenue rose 29% year-over-year, while its gross margins expanded 0.5 percentage points. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Salesforce soars on earnings beat, fuels tech rally August 26, 2020, 9:07 AM Salesforce shares soared after the company reported its fiscal second-quarter earnings. For the full fiscal year 2020, the company is raising its revenue and non-GAAP earnings per share guidance, and maintaining its operating cash flow guidance, previously provided on June 10, 2019, as amended on June 12, 2019. Salesforce’s Strong Earnings. Salesforce.com Inc. slipped to a loss in the fourth quarter of 2020 from a profit last year due to higher costs and expenses despite a 35% growth in the top-line.The results exceeded analysts’ expectations. Salesforce’s second-quarter earnings report was very strong. The market expects Salesforce.com (CRM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2020. salesforce.com inc. (NYSE:CRM) scored a price-to-earnings ratio above its average ratio, recording 632.87 x from its present earnings ratio. Fiscal 2020 GAAP earnings per share was $0.15, and non-GAAP diluted earnings per share was $2.99. Earnings per Share: ... earnings per share and current remaining performance obligation growth guidance for its third quarter of fiscal year 2020. Salesforce continues to trade at an extremely high forward earnings multiple. Do the numbers hold clues to what lies ahead for the stock? Let’s see how things have shaped up for this announcement. Notably, Salesforce’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, the average beat being 37.5%. Lauren Feiner @lauren_feiner. Earnings Salesforce Announces Record Fourth Quarter and Full Year Fiscal 2020 Results. As of August 25, 2020, the company is raising its revenue guidance, GAAP earnings per share guidance, non-GAAP earnings per share guidance, and operating cash flow guidance previously provided on May 28, 2020 for its full fiscal year 2021. With pre-earnings expectations high and the company's quarterly EPS guidance possibly weighing on shares, Salesforce's stock finished after-hours trading down 4.7% to $230.00. Motley Fool Transcribing (MFTranscribing) Dec 2, 2020 … Earnings, adjusted for stock option expense and amortization costs, were $1.74 per share.The results topped Wall Street expectations. 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