What To Expect From Salesforce’s Earnings?
Salesforce (NYSE:CRM) is set to announce its fiscal Q2 earnings after the market closes on Wednesday, August 31st. In the quarter ending April 2016, the company’s revenue grew by nearly 27% year-on-year (y-o-y) to $1.9 billion, which was driven by a surge in subscriptions for AppCloud and Service Cloud. Buoyed by the results in that quarter, the company guided for Q2 revenue in the range of $2.005-$2.025 billion, and adjusted net income of $0.21-$0.22 per share.
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Bottom Line Expected To Grow
Salesforce has posted solid revenue growth of over 20% on a year-on-year basis in the past three years and is expected to post top line growth of over 20% in the fiscal second quarter as well. In terms of expenses, the company’s marketing expenditure as a percentage of sales has steadily fallen from 56% in the fourth quarter of fiscal 2014 to 46% in Q1 FY17. This trend is likely to continue in the second quarter as well, and positively impact the company’s bottom line results.
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