Investing.com – Salesforce.com (NYSE:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $0.7 on revenue of $4.87B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $4.86B. That with comparison to EPS of $0.93 on revenue of $3.74B in the same period a year before. Salesforce.com had reported EPS of $0.66 on revenue of $4.85B in the previous quarter. Analysts are expecting EPS of $0.74 and revenue of $5.04B in the upcoming quarter.
Salesforce.com shares are up 11.41% from the beginning of the year , still down 7.42% from its 52 week high of $195.72 set on February 20. They are outperforming the which is down 6.64% year to date.
Salesforce.com shares lost 1.72% in after-hours trade following the report.
Salesforce.com follows other major Technology sector earnings this month
Salesforce.com’s report follows an earnings beat by Microsoft on April 29, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on April 30 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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