Salesforce reported fiscal second-quarter earnings and provided guidance that surpassed analysts’ estimates.
The cloud company’s adjusted earnings for the quarter came in at $1.48 per share, compared to 92 cents per share expected by analysts polled by Refinitiv.
Revenue rose +23% from the year-ago quarter to $6.34 billion, also beating the $6.24 billion expected by analysts, according to Refinitiv.
Revenue from the Platform and Other unit, which includes the MuleSoft integration software and Tableau data-analytics software, rose +24%.
The Service Cloud segment grew +23%.
Salesforce’s core Sales Cloud product revenue was up +15%.
For the fiscal third-quarter, Salesforce is expecting 91 to 92 cents in adjusted earnings per share on $6.78 billion to $6.79 billion in revenue. Analysts polled by Refinitiv had expected 82 cents in adjusted earnings per share and $6.66 billion in revenue.
Looking further ahead, Salesforce raised its full fiscal-year 2022 earnings guidance to $4.36 to $4.38 and $26.2 billion to $26.3 billion in revenue. Analysts polled by Refinitiv predicted $3.82 in adjusted earnings per share and $26.01 billion in revenue.
Salesforce revenue forecast includes $530 million from Slack, which is $30 million more than Salesforce had predicted a quarter earlier.