Salesforce: raises annual sales target
(CercleFinance.com) - On Thursday evening when it published its annual results, Salesforce raised its target range for revenues for FY 2021-22 to 25.
65-25.75 billion dollars, up from revenue of 21.25 billion dollars in FY 2020-21.
In addition, the software publisher has announced that it is targeting - in adjusted standards (non-GAAP) - EPS of 3.39 to 3.41 dollars, as well as an operating margin of around 17.7%, compared with 4.92 dollars and 17.7% respectively in the previous year.
In Q4 2020-21, Salesforce reported adjusted EPS of 1.04 dollar, significantly exceeding analysts' expectations, and an adjusted operating margin of 17.5% for revenues that are up 20% at 5.82 billion dollars (+19% at constant exchange rates).
Even so, the stock is down over 2% in pre-market trading on Friday.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
65-25.75 billion dollars, up from revenue of 21.25 billion dollars in FY 2020-21.
In addition, the software publisher has announced that it is targeting - in adjusted standards (non-GAAP) - EPS of 3.39 to 3.41 dollars, as well as an operating margin of around 17.7%, compared with 4.92 dollars and 17.7% respectively in the previous year.
In Q4 2020-21, Salesforce reported adjusted EPS of 1.04 dollar, significantly exceeding analysts' expectations, and an adjusted operating margin of 17.5% for revenues that are up 20% at 5.82 billion dollars (+19% at constant exchange rates).
Even so, the stock is down over 2% in pre-market trading on Friday.
Copyright (c) 2021 CercleFinance.com. All rights reserved.