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Salesforce Raises Earnings Outlook

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Salesforce raised its full-year earnings outlook after the company said it delivered record revenue in the latest quarter

Salesforce.com Inc. on Tuesday raised its full-year earnings outlook after the business-software company said it delivered record revenue in the latest quarter.

For the current year, Salesforce now expects earnings per share of 78 cents to 80 cents, up from the prior guidance of 66 cents to 68 cents. On an adjusted basis, earnings per share are expected to be between $2.88 and $2.90, up from its previous outlook of $2.54 to $2.56.

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How times change and how tech titans can themselves get it wrong. Oracle CEO Larry Ellison used to mock Salesforce as a itsy-bitsy company( Saleforce founder a former Oracle employee counts Ellison as a mentor).

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