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.