Salesforce reported its third quarter earnings for fiscal year 2018 on Tuesday. The company previously announced that it expects to see $ 10.4 billion in revenues for the current year, fiscal 2018.
Here’s what Salesforce reported:
- Revenue (GAAP) for the third quarter was $ 2.68 billion, compared to analyst expectations of $ 2.65 billion.
- Earnings per share (adjusted) for the third quarter were $ 0.39, compared to analyst expectations of $ 0.37.
- Projected revenue (GAAP) for the fourth quarter is between $ 2.801 billion and $ 2.811 billion, compared to analyst estimates of $ 2.79 billion.
- Projected earnings per share (adjusted) for the fourth quarter are $ 0.32 to $ 0.33, compared to analyst estimates of $ 0.34.
- Projected revenue (GAAP) for fiscal 2019 is $ 12.45 billion to $ 12.50 billion, up 19% to 20% from the current year.
Shares of Salesforce were down roughly 1% in after hours trading on Tuesday, following the announcement.
Earlier in November, Salesforce announced its revenue growth plan and a timeline which includes more than doubling its annual revenues from $ 8.4 billion in 2017 to $ 20 billion by 2022. The company made $ 8.4 billion in revenues in fiscal year 2017.
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