Salesforce’s second quarter revenues were up 26% year-over-year Tuesday. The company hit $2.56 billion, beating analyst expectations of $2.51 billion.
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Salesforce beats second-quarter expectations — but its stock is still fluctuating (CRM)
Revenues are $2.56 billion, compared to estimates of $2.51 billion.
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The company reported:
- Revenues —
- Earnings per share (adjusted) —
- Subscription and support revenues —
- Professional services and other revenues
- Estimated revenues for Q3
- Estimated earnings per share for Q3 (adjusted)
- Estimated revenues for fiscal year 2018 —
- Estimated earnings per share for fiscal year 2018 (adjusted) —
Despite the beat on the top and bottom lines and the somewhat better-than-expected third-quarter forecast, Salesforce's stock quickly dropped $a share in recent after-hours trading.
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It's since bounced back up to $92 — down 1% from where it closed, but still up from $91.76, where it closed on Monday.
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