Salesforce turns in strong results and optimistic forecast

Salesforce CEO Marc Benioff participates in an interview at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Salesforce shares were volatile in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance. Here's how the company performed relative to LSEG consensus: Earnings per share: $2.58 adjusted vs. 2.54 expected $2.58 adjusted vs. 2.54 expected Revenue: $9.83 billion vs. $9.75 billion expected Salesforce's revenue grew 7.6% year over year in the quarter, which ended on April 30, according to a statement. Net income of $1.54 billion, or $1.59 per share, was basically flat compared with $1.53 billion, or $1.56 per share, a year ago. President Donald Trump announced sweeping tariffs on goods imported into the U.S. in early April. Co-founder and CEO Marc Benioff sounded positive about the company's results for the quarter anyway, pointing to its plan, announced on Tuesday, to buy dat ... Read full article.