Salesforce's third quarter revenues were up 25% from last year
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Salesforce reported its third quarter earnings for fiscal year 2018 on Tuesday. The company previously announced that it expects to see $10.4 billion in revenues for the current year, fiscal 2018.
Here's what Salesforce reported:
Revenue (GAAP) for the third quarter was $2.68 billion, compared to analyst expectations of $2.65 billion.
Earnings per share (adjusted) for the third quarter were $0.39, compared to analyst expectations of $0.37.
Projected revenue (GAAP) for the fourth quarter is between $2.801 billion and $2.811 billion, compared to analyst estimates of $2.79 billion.
Projected earnings per share (adjusted) for the fourth quarter are $0.32 to $0.33, compared to analyst estimates of $0.34.
Projected revenue (GAAP) for fiscal 2019 is $12.45 billion to $12.50 billion, up 19% to 20% from the current year.
Shares of Salesforce were down roughly 1% in after hours trading on Tuesday, following the announcement.
Earlier in November, Salesforce announced its revenue growth plan and a timeline which includes more than doubling its annual revenues from $8.4 billion in 2017 to $20 billion by 2022. The company made $8.4 billion in revenues in fiscal year 2017.
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