Salesforce: raises annual targets again

(CercleFinance.com) - On its quarterly earnings call, Salesforce raised some of its annual targets on Tuesday evening, aiming for an adjusted operating margin of 32.
9% (instead of 32.8%) and operating cash flow growth of 24%-26% (instead of 23%-25%).

The CRM software specialist has raised its revenue target range for the current financial year to between $37.8bn and $38bn, and anticipates adjusted EPS (non-GAAP) of $9.98 to $10.03.

Salesforce reported Q3 adjusted EPS of $2.41, impacted by 18 cents of losses on strategic investments, but with an adjusted operating margin up 1.9 point to 33.1%.

At $9.44bn, revenues rose 8% as reported and at constant exchange rates. Agentforce, our complete AI system for enterprises, is at the heart of a revolutionary transformation, it said.


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