Salesforce soars on big earnings beat

Salesforce CEO Marc BenioffSalesforceSalesforce CEO Marc Benioff

Salesforce reported its third quarter earnings on Thursday after the bell.

It’s a beat across the board and Salesforce’s stock is up by over 6% in after hours trading.

Here are the most important numbers:

EPS (non-GAAP): $0.24 per share vs. $0.21 per share expected by analysts

Revenue: $2.14 billion vs. $2.12 billion expected by analysts (up by 25% year-over-year)

Salesforce gave fourth quarter revenue guidance in the range of $2.26 billion to $2.27 billion, exceeding street estimates of $2.24 billion.

The company also raised its full year revenue guidance to $8.365 billion to $8.375 billion.

Salesforce had a busy third quarter. Its huge Dreamforce annual conference took place in October, where it revealed its latest new product, Einstein.

It also had to deal with rumours of buying Twitter, a move investors didn’t like and drove the stock down by as much as 8%. Salesforce CEO Marc Benioff was later forced to tell worried investors that he’s walking away from the deal to quell investor concerns.

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