From NASDAQ.: 2024-05-24 10:04:00

Salesforce CRM is set to release first-quarter fiscal 2025 results on May 29. The company has shown strong financial performance, with earnings surpassing estimates in the last four quarters. For the first quarter, projected revenues are between $9.12 billion and $9.17 billion, with a Zacks Consensus Estimate of $9.14 billion. Salesforce’s YTD stock performance has been volatile, rising 5.8%.In the last reported quarter, Salesforce’s revenues increased 11% to $9.26 billion, with non-GAAP earnings of $2.29 per share. Projected fiscal 2025 revenues are between $37.7 billion and $38 billion. The company has a Zacks Consensus Estimate of $37.93 billion in revenues and $9.71 per share in earnings for fiscal 2025.Salesforce holds a strong market position in CRM, with strategic acquisitions like Slack, Spiff, and Arikit.ai. The company has entered the generative AI space with Einstein GPT and AI Cloud service. Strong partnerships with IBM, AWS, and Google Cloud enhance Salesforce’s capabilities and market reach.Salesforce has demonstrated a consistent financial performance and innovative product offerings. Its partnerships with tech giants like IBM, AWS, and Google Cloud provide powerful insights and efficient business processes. With a strong market position in the CRM space, Salesforce is poised for continued growth and market leadership. Investors should consider the company’s long-term growth potential and evolving customer needs.



Read more at NASDAQ.: Should Salesforce (CRM) be in Your Portfolio Before Q1 Earnings?