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published in Blogs
Sep 23, 2021
Salesforce (CRM, $275.44) boosts 2022 revenue outlook

Salesforce (CRM, $275.44) boosts 2022 revenue outlook

Salesforce.com raised its 2022 revenue guidance, ahead of its annual investor day conference.

The cloud company  now expects revenues for its 2022 fiscal year in the range of $26.25 billion to $26.356 billion, a modest boost to the August forecasts.

For 2023, Salesforce has projected revenue in the range of $31.65 billion to $31.8 billion. It expects a non-GAAP operating margin of around 20%, which is 150 basis point higher than its current 2022 forecast.

Last month, the company reported second quarter non-GAAP earnings of $1.48 per share that surpassed analysts’ expectations. It projected current quarter earnings of around 92 cents per share.

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