Salesforce: raises FY targets
(CercleFinance.com) - On Tuesday evening Salesforce raised its revenue guidance for the current year to between 26.
39 billion and 26.40 billion dollars, along with a new adjusted operating margin target of around 18.6%.
For Q3 the corporate software company posted adjusted EPS of 1.27 dollar, with an adjusted operating margin of 19.8% on revenue that is up of 27% to 6.86 billion dollars (+26% at constant exchange rates).
Salesforce's customer diversification, breadth of product portfolio and valuable SaaS model continue to gain significant momentum, broker Wedbush said, which maintains its "outperform" rating on the stock, with target price of 315 dollars.
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