Investing.com - Salesforce.com (NYSE:CRM) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $0.7 on revenue of $4.87B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $4.86B. That with comparison to EPS of $0.93 on revenue of $3.74B in the same period a year before.Salesforce.com had reported EPS of $0.66 on revenue of $4.85B in the previous quarter.Analysts are expecting EPS of $0.74 and revenue of $5.04B in the upcoming quarter.
Salesforce.com shares are up 11.41% from the beginning of the year and are trading at $178.08 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.64% year to date.
Salesforce.com shares lost 1.72% in after-hours trade the report.
Salesforce.com follows other major Technology sector earnings this month
Salesforce.com's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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