Salesforce: EPS in line, but targets reduced

(CercleFinance.com) - On Thursday evening, software publisher Salesforce reported Q1 2020-21 EPS of 11 cents, compared to 49 cents a year ago.

On a non-GAAP adjusted basis, however, EPS reached 70 cents, in line with the consensus.

The San Francisco-based group's revenues increased by 30% to 4.87 billion dollars (+31% excluding FX factors), although uncertainties raound the pandemic have led it to reduce its outlook for the full year.

As a result, Salesforce now expects FY 2020-21 sales of around 20 billion dollars, with a loss of four to six cents per share (or EPS of 2.93-2.95 dollars on an adjusted basis).


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