Salesforce shares are down 5% despite earnings beat

Marc Benioff Justin Sullivan/Getty ImagesSalesforce CEO Marc Benioff

Salesforce just reported its second quarter earnings on Wednesday after the bell.

Here are the most important numbers from Salesforce’s earnings report:

EPS (non-GAAP): $0.24 per share vs. $0.22 per share expected by analysts

Revenue: $2.04 billion vs. $2.02 billion expected by analysts (up 25% year-over-year)

Salesforce has been on a buying spree lately, spending roughly $4 billion on acquisitions this year alone.

Some investors have raised concerns around the company’s buying strategy, as CEO Marc Benioff is reported to have tried to even outbid Microsoft’s $26 billion offer for LinkedIn at one point.

Salesforce shares have remained roughly flat after announcing its $2.8 billion Demandware acquisition in June. Its stock jumped about 30% over the past 2 years, and almost 9X over the past decade.

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