Salesforce Earnings Are Coming. The Focus Will Be on AI and Margins.

Salesforce. com will report earnings after the close of trading Wednesday, amid considerable crosscurrents for the cloud-based enterprise software provider.

For the fiscal second quarter, Salesforce has forecast revenue of $8.51 billion to $8.53 billion, up 10% from a year ago; Street consensus is at the top of the range. The Street sees profits of $1.90 a share on an adjusted basis, or 78 cents under generally accepted accounting principles. Salesforce shares sagged following the April quarter results, as the company declined to raise full-year guidance despite better-than-expected quarterly earnings. CFO Amy Weaver told Barron’s last quarter that the company continued to see difficult macro conditions. She said at the time that April quarter results showed some additional tightening on professional services revenue, as customers shifted to projects that can generate returns more quickly.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan appears to be getting a little nervous about Salesforce ahead of earningsAnalyst Mark Murphy maintained his buy rating on the cloud-based software company, however.
Source: CNBC - 🏆 12. / 72 Read more »

Salesforce is on the AI train, but that won’t guarantee blowout earningsSalesforce is expected to highlight its AI products in its earnings report, but analysts caution that business spending hasn't been as robust as expected.
Source: MarketWatch - 🏆 3. / 97 Read more »

AI in focus: Here's what to look for when Salesforce and Broadcom report earningsWhen these two tech firms release earnings, Wall Street will be looking to see if their respective bets on artificial intelligence are starting to pay off.
Source: CNBC - 🏆 12. / 72 Read more »