Salesforce Beats Expectations And The Stock Takes Off

salesforce Marc Benioff

Photo: Associated Press

Salesforce just reported earnings, and it looks like a beat.Adjusted EPS came in at $0.37 versus expectations of $0.34.

Revenue was $695 million versus $678 million expected.

The stock is taking off in after-hours trading, rising 6.5% as of this writing.

The company raised its guidance for the year, too. It now expects to book $2.97 billion to $3 billion in revenue up from a range of $2.92 billion to $2.95 billion.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.