On the occasion of its quarterly publication, Salesforce raised some of its annual objectives on Tuesday evening, to now target an adjusted operating margin of 32.9% (and no longer 32.8%) and growth in operating cash flow. 24-26% (instead of 23-25%).
The software publisher specializing in CRM (customer relationship management) has tightened its revenue target range upwards for its current fiscal year, to between $37.8 billion and $38 billion, and anticipates adjusted EPS (not GAAP) between $9.98 and $10.03.
For its third financial quarter, Salesforce revealed adjusted EPS of $2.41, impacted by 18 cents by losses on strategic investments, but with an adjusted operating margin up 1.9 points to 33.1 %.
At $9.44 billion, its revenues increased by 8% in total data and at constant exchange rates. ‘Agentforce, our complete AI system for businesses, is at the heart of a revolutionary transformation,’ comments its CEO Marc Benioff.
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