Salesforce CEO Marc Benioff. Justin Sullivan/Getty CRM Salesforce.com 133.30 5.39 (+4.20 %) Disclaimer Get real-time CRM charts here »

Salesforce continued its upward climb in first-quarter earnings on Tuesday with a major beat across the board that sent its stock up in after-hours trading, despite downward trends across Wall Street.

Here’s what the company reported:

Revenue for the first quarter of fiscal 2019 (GAAP): Salesforce reported $3.01 billion, up 25% from the year before. Analysts expected $2.94 billion. Earnings per share for the quarter (adjusted): Salesforce reported $0.74. Analysts expected $0.46. Operating cash flow for the quarter: Salesforce reported $1.47 billion, up 19% from the year before. Revenue guidance for Q2 2019 (GAAP): Salesforce expects $3.22 billion to $3.23 billion. Analysts expected $3.11 billion. Earnings per share guidance for Q2 2019 (adjusted): Salesforce expects $0.46 to $0.47. Analysts expected $0.52. Revenue guidance for the year (GAAP): Salesforce expects $13.08 billion to $13.13 billion. Analysts expected $12.75 billion. Earnings-per-share guidance for the year (adjusted): Salesforce expects $2.29 to $2.31. Analysts expected $2.13.

Salesforce’s stock was up roughly 2.5% in after-hours trading.

Developing…

Source Article