Salesforce Non-GAAP EPS of $2.41 misses by $0.04, revenue of $9.44B beats by $90M

Salesforce press release (NYSE:CRM): Q3 Non-GAAP EPS of $2.41 misses by $0.04.
Revenue of $9.44B (+8.3% Y/Y) beats by $90M.
Shares -2.08%.
Third Quarter GAAP Operating Margin of 20.0% and non-GAAP Operating Margin of 33.1%
Current Remaining Performance Obligation of $26.4 Billion, up 10% both Y/Y & in CC
Third Quarter Operating Cash Flow of $1.98 Billion, up 29% Y/Y, and Free Cash Flow of $1.78 Billion, up 30% Y/Y
Returned $1.2 Billion in the Form of Share Repurchases and $0.4 Billion in Dividend Payments to Stockholders, Third Quarter Total Cash Returned to Stockholders of $1.6 Billion

FY25 Guidance Highlights

Initiates Fourth Quarter FY25 Revenue Guidance of $9.90 Billion – $10.10 Billion, up 7% – 9% Y/Y. Q4 revenue consensus is $10.05B
Raises Low End of Full Year FY25 Revenue Guidance to $37.8 Billion to $38.0 Billion, up 8% – 9% Y/Y and Maintains Full Year FY25 Subscription & Support Revenue Growth Guidance of Slightly Below 10% Y/Y & Approximately 10% in CC. FY24 revenue consensus is $37.86B
Raises Full Year FY25 GAAP Operating Margin Guidance to 19.8% and Raises non-GAAP Operating Margin Guidance to 32.9%
Raises Full Year FY25 Operating Cash Flow Growth Guidance to 24% to 26% Y/Y
- Non-GAAP Diluted Net Income per Share: Q4 $2.57 – $2.62, Q4 EPS consensus is $2.65
- FY guidance $9.98 – $10.03, FY24 EPS consensus is $10.11

Tags: CRM