Salesforce.com's Earnings to Surge 40.8%

Salesforce.com is expected to post earnings of $2.38 per share for the current quarter, indicating a year-over-year growth of 40.8%. This estimate has remained stable over the last 30 days. For the current fiscal year, the earnings estimate is $9.71 per share, representing a year-over-year change of +18.1%. For the next fiscal year, the earnings estimate is $10.91 per share, indicating a change of +12.3% from the previous year.

In terms of revenue, the sales estimate for the current quarter is $9.14 billion, indicating a year-over-year change of +10.8%. For the current and next fiscal years, the revenue estimates are $37.93 billion and $41.82 billion, indicating changes of +8.8% and +10.3%, respectively.

In the last reported quarter, Salesforce.com reported revenues of $9.29 billion, representing a year-over-year change of +10.8%. The earnings per share (EPS) for the same period was $2.29, compared to $1.68 a year ago. The company has consistently exceeded EPS estimates in each of the trailing four quarters and surpassed revenue estimates each time over this period.

The upcoming earnings disclosure for Salesforce.com is scheduled for May 29, 2024. The earnings are projected to be $9.71 per share and the revenue is expected to be $37.93 billion for the full year, demonstrating changes of +18.13% and +8.82%, respectively, from the preceding year.