Salesforce Reports Mixed Q3 Results

Salesforce published its financial results on Tuesday, revealing a positive outlook for the upcoming fiscal year despite mixed results for the third quarter.

Stock Movement
Shares of Salesforce Inc (NYSE:CRM) surged 4% in after-hours trading following the announcement.

Q3 Financials
Salesforce reported an adjusted EPS of $2.41 on revenue of $9.44 billion. Analysts had estimated EPS of $2.44 on revenue of $9.35 billion.

Q4 Guidance
For Q4, Salesforce forecasted adjusted EPS between $2.57 and $2.62, with revenue expected to fall between $9.90 billion and $10.10 billion.

Fiscal 2025 Outlook
Looking ahead to fiscal 2025, the company projects adjusted EPS to range from $9.98 to $10.03 and raised the low end of revenue guidance to $37.8 billion to $38.0 billion, compared to prior estimates of $37.7 billion to $38.0 billion.

Operating Margin
Additionally, Salesforce increased its full-year operating margin guidance to 19.8% from a previous estimate of 19.7%.