Salesforce Inc. (NYSE:CRM) is expected to report earnings of $1.60 per share for the fiscal quarter ending April 2023, according to AC Investment Research. This would represent a year-over-year increase of 64.3%.
The consensus estimate for revenue is $8.17 billion, which would represent a year-over-year increase of 10.2%.
Salesforce is the world's leading cloud-based customer relationship management (CRM) platform. The company's software helps businesses of all sizes manage their customer interactions, from sales and marketing to customer service and support.
Salesforce has been growing rapidly in recent years. In the fiscal year 2022, the company's revenue grew 24% year-over-year.
The company's growth is being driven by the increasing adoption of cloud-based CRM software. Businesses are moving to the cloud to improve their agility and efficiency. Salesforce is well-positioned to benefit from this trend.
Salesforce is also benefiting from the growth of its international business. The company's international revenue grew 27% year-over-year in the fiscal year 2022.
Salesforce is expected to continue to grow rapidly in the coming years. The company is well-positioned to benefit from the increasing adoption of cloud-based CRM software and the growth of its international business.
Analyst Rating
Analysts are bullish on Salesforce's earnings outlook. The consensus estimate for earnings per share for the fiscal year 2023 is $4.88, which would represent a year-over-year increase of 30.94%.
Analysts are also bullish on Salesforce's revenue outlook. The consensus estimate for revenue for the fiscal year 2023 is $34.6 billion, which would represent a year-over-year increase of 14.4%.
Investors' Take
Investors are likely to be pleased with Salesforce's earnings outlook. The company is expected to continue to grow rapidly in the coming years. This growth is being driven by the increasing adoption of cloud-based CRM software and the growth of Salesforce's international business.
Investors who are looking for a growth stock with a strong earnings outlook may want to consider Salesforce.
What to Watch for in Salesforce's Earnings Report
Investors will be watching for the following key metrics in Salesforce's earnings report:
- Revenue growth: Salesforce is expected to report revenue growth of 10.2% year-over-year.
- Earnings per share growth: Salesforce is expected to report earnings per share growth of 64.3% year-over-year.
- Customer growth: Salesforce is expected to report net new customer additions of 300,000.
- International revenue growth: Salesforce is expected to report international revenue growth of 15% year-over-year.
Overall, investors are likely to be pleased with Salesforce's earnings outlook. The company is expected to continue to grow rapidly in the coming years. This growth is being driven by the increasing adoption of cloud-based CRM software and the growth of Salesforce's international business.
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