What To Expect From Salesforce’s Earnings?
Salesforce (NYSE:CRM) is set to announce its fiscal Q1 earnings after the market closes on Wednesday, May 18th. For fiscal year 2016 ending January 31, 2016, the company reported revenue growth of 24% year over year (y-o-y) to $6.67 billion while its earnings grew 44% y-o-y to $0.75 per share. In line with the strong performance in the last fiscal year, the company expects its revenues to grow by almost 20% y-o-y to $1.81 billion in the upcoming first quarter results.
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Traditionally, the company’s revenue growth was primarily driven by high sales and marketing expenses, which were almost 50% of total revenue last year. This is likely to continue this quarter. The company’s non-GAAP Operating Margins have been improving for the past two years, and will likely continue to do so, as evidenced by the company’s full year margin guidance which implies expansion of 125-150 basis points.
Have more questions on Salesforce.com (NYSE:CRM)? See the links below:
- What is Salesforce’s Current Revenue and Gross Profit Breakdown?
- What Is Salesforce’s Fundamental Value Based On Expected 2016 Results?
- How Has Salesforce‘s Revenue and Gross Profit Composition Changed Over The Last 5 Years?
- By How Much Is Salesforce’s Revenue & Gross Profit Expected To Change In The Last 5 Years?
- How Is Salesforce.com’s Revenue and Gross Profit Composition Expected To Change In The Future
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