| Thread Tools |
26th August 2019, 06:57 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,769
| Salesforce does better than expected Cloud services doing well Salesforce forecast third-quarter and full-year revenue above what the cocaine nose jobs of Wall Street expected. It was all thanks to benefits from acquisitions and more companies opting for its cloud-based services. The company said it expects revenue of $4.44 billion to $4.45 billion for the current quarter, topping analysts’ expectations of $4.25 billion. Salesforce has spent billions of dollars buying outfits such as Tableau and MuleSoft. The San Francisco-based company expects the Tableau acquisition, its biggest ever, to add value in the range of $550 million and $600 million for the year. Tableau, which provides AI-enabled data analytics to companies like Netflix and Verizon, was acquired on 1 August for $15.3 billion. The company raised its 2020 revenue forecast in the range of $16.75 billion to $16.90 billion, beating analysts’ estimates of $16.64 billion. It previously forecasts a range of $16.10 billion to $16.25 billion. Total revenue increased 22 percent to $4 billion in the second quarter ended July 31, compared with analysts’ estimates of $3.95 billion. Revenue from Sales Cloud, its flagship product for customer relationship management, rose 12.5 percent to $1.13 billion, accounting for about a third of its revenue. Net income fell to $91 million from $299 million a year earlier. Excluding items, it earned 66 cents per share, above analysts’ expectations of 47 cents. https://fudzilla.com/news/memory-and...-than-expected |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Salesforce sharks ClickSoftware | Stefan Mileschin | WebNews | 0 | 8th August 2019 13:51 |
Salesforce buys Tableau | Stefan Mileschin | WebNews | 0 | 12th June 2019 07:57 |
Adobe and Microsoft team up to take on Salesforce | Stefan Mileschin | WebNews | 0 | 28th March 2019 08:48 |
LG G6 expected at MWC 17 | Stefan Mileschin | WebNews | 0 | 20th January 2017 13:17 |
Salesforce CEO says no to Twitter bid | Stefan Mileschin | WebNews | 0 | 15th October 2016 14:36 |
Salesforce urges EU to block Microsoft's acquisition of LinkedIn | Stefan Mileschin | WebNews | 0 | 4th October 2016 07:39 |
HP does better than expected | Stefan Mileschin | WebNews | 0 | 29th August 2016 05:37 |
LG did better than expected | Stefan Mileschin | WebNews | 0 | 30th October 2015 07:52 |
Salesforce is too pricey for Microsoft | Stefan Mileschin | WebNews | 0 | 26th May 2015 10:55 |
Salesforce boss reveals dystopian future where software looks like Facebook | Stefan Mileschin | WebNews | 0 | 24th September 2012 06:49 |
Thread Tools | |
| |