Salesforce's third quarter revenues were up 25% from last year

Justin Sullivan/Getty ImagesSalesforce CEO Marc Benioff

Salesforce reported its third quarter earnings for fiscal year 2018 on Tuesday. The company previously announced that it expects to see $US10.4 billion in revenues for the current year, fiscal 2018.

Here’s what Salesforce reported:

  • Revenue (GAAP) for the third quarter was $US2.68 billion, compared to analyst expectations of $US2.65 billion.
  • Earnings per share (adjusted) for the third quarter were $US0.39, compared to analyst expectations of $US0.37.
  • Projected revenue (GAAP) for the fourth quarter is between $US2.801 billion and $US2.811 billion, compared to analyst estimates of $US2.79 billion.
  • Projected earnings per share (adjusted) for the fourth quarter are $US0.32 to $US0.33, compared to analyst estimates of $US0.34.
  • Projected revenue (GAAP) for fiscal 2019 is$US12.45 billion to $US12.50 billion, up 19% to 20% from the current year.

Shares of Salesforce were down roughly 1% in after hours trading on Tuesday, following the announcement.

Earlier in November, Salesforce announced its revenue growth plan and a timeline which includes more than doubling its annual revenues from $US8.4 billion in 2017 to $US20 billion by 2022. The company made $US8.4 billion in revenues in fiscal year 2017.

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