Salesforce Beats Quarterly Expectations

Revenue rose 13.3% year over year to $11.13 billion Salesforce delivered better-than-expected quarterly results, with revenue rising 13.3% year over year to $11.13 billion. Adjusted earnings per share totaled $3.87, beating the consensus estimate by 76 cents.

Revenue rose 13.3% year over year to $11.13 billion

Salesforce delivered better-than-expected quarterly results, with revenue rising 13.3% year over year to $11.13 billion.

Adjusted earnings per share totaled $3.87, beating the consensus estimate by 76 cents.

The company’s shares dipped 1% in the after-hours session to about $176, down about 33% year to date.

Management reiterated its expectations that revenue growth will reaccelerate in the second half of this fiscal year.

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