![]() Professional Services and Other (7% of total sales) revenues climbed 45% to $484 million. Subscription and Support (93% of total revenues) increased 25% from the year-earlier period to $6.38 billion. The enterprise cloud computing solutions provider has been benefiting from the robust demand environment as customers are undergoing a major digital transformation that requires fast, data-driven business intelligence and communications with customers.Īlso, the recently acquired Slack business boosted revenues and contributed $280 million in total sales during the third quarter. Salesforce’s quarterly revenues of $6.86 billion climbed 27% year over year surpassing the Zacks Consensus Estimate of $6.79 billion. ![]() However, non-GAAP earnings declined 27% from the year-ago quarter’s earnings of $1.74 per share. Quarterly earnings included a benefit of 28 cents per share from the mark-to-mark accounting of CRM’s strategic investments on a non-GAAP tax rate of 21.5%. Salesforce’s non-GAAP earnings of $1.27 per share beat the Zacks Consensus Estimate of 92 cents. In this report, we'll look at the numbers and analyst reactions to determine whether the shares are a better value now. ![]() Salesforce reported a solid Q3 on November 30 but investors took the stock down nearly 12% the next day. ![]()
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