Salesforce: sharp drop in Q2 EPS
(CercleFinance.com) - On Thursday night the software publisher Salesforce released Q2 2019-20, EPS of 11 cents, a far cry from the 39 cents published a year ago.
However, on a non-GAAP basis, EPS reached 66 cents.
The San Francisco-based group saw its revenues increase by 22% to nearly 4 billion dollars (+23% excluding FX factors), which enabled it to raise its target range for the full year.
For example, the group now expects FY 2019-20 sales of between 16.75 billion and 16.90 billion dollars, still expecting EPS of 28 cents to 30 cents (2.82 dollars to 2.84 dollars in adjusted terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
However, on a non-GAAP basis, EPS reached 66 cents.
The San Francisco-based group saw its revenues increase by 22% to nearly 4 billion dollars (+23% excluding FX factors), which enabled it to raise its target range for the full year.
For example, the group now expects FY 2019-20 sales of between 16.75 billion and 16.90 billion dollars, still expecting EPS of 28 cents to 30 cents (2.82 dollars to 2.84 dollars in adjusted terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.