Salesforce: raises full-year targets

(CercleFinance.com) - On its quarterly earnings call on Wednesday evening, Salesforce raised some of its annual targets, now targeting an adjusted operating margin of 32.
8% (instead of 32.5%), with operating cash flow increasing by 23%-25% (instead of 21%-24%).

The CRM software company also confirms its revenue target range of $37.7bn-to-$38bn for its current financial year, and anticipates adjusted EPS (non-GAAP) of between $10.03 and $10.11.

Salesforce reported Q2 adjusted EPS that is up 21% at $2.56, with an adjusted operating margin of 33.7% (+2.1 points), on revenues that rose 8% to $9.33bn (+9% at constant exchange rates).

Our capital return program remains a priority, and we now expect to more than offset our stock-based compensation dilution for the year, says CFO Amy Weaver.


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