Salesforce Reports Earnings on May 29
Revenue and Earnings Expectations
On Wednesday, May 29, 2024, Salesforce (NYSE: CRM) is scheduled to report its earnings for the first quarter of fiscal 2025. Analysts expect the company to report a gain of $2.38 per share on revenue of $9.14 billion.
Stock Performance
Since its last earnings release, Salesforce's stock price has declined by 10%. This includes a post-earnings drop following the company's fiscal 2022 results, which were released on February 28, 2024.
Fiscal 2022 Performance
In fiscal 2022, Salesforce reported total revenue of $26.49 billion, representing a 25% year-over-year increase. In constant currency, revenue grew by 24%. The company's strong performance in fiscal 2022 was driven by continued demand for its cloud-based customer relationship management (CRM) solutions.
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