Salesforce delivers ‘beat and raise’ despite rocky few months on the market

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Matt Winkelmeyer/GettySalesforce CEO Marc Benioff

Salesforce reported its Q3 2019 earnings Tuesday after the bell.

Here’s what the company reported:

  • Revenue for the quarter (GAAP): Salesforce reported $3.39 billion, up 26% from the year before. Analysts expected $3.37 billion.
  • EPS Q3 (adjusted): Salesforce reported $0.61. Analysts expected $0.50.
  • Revenue guidance for Q4 (GAAP): Salesforce expects $3.551 billion to $3.561 billion. Analysts expected $3.53 billion.
  • EPS guidance for Q4 (adjusted): Salesforce expects $0.54 to $0.55. Analysts expected $0.57.
  • Revenue guidance for Fiscal Year 2019 (GAAP): $13.23 billion to $13.24 billion.
  • Revenue guidance for Fiscal Year 2020 (GAAP): $15.9 billion to $16.0 billion.

Source: Business Insider

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