What To Watch In Salesforce Earnings Report

Salesforce (CRM) is scheduled to report results of its first fiscal quarter after the market close on Thursday, May 27, with a conference call scheduled for 5:00 pm ET. What to watch for:

GUIDANCE: Along with its fourth quarter earnings report, Salesforce guided to fiscal year 2022 adjusted earnings per share of $3.39-$3.41. Consensus for EPS, which was $3.50 at the time, has since dropped to $3.43. The company also forecast 2022 revenue of $25.65B-$25.75B. Consensus, which was $25.41B at the time, has inched up to $25.76B. In addition, the company provided first-quarter adjusted EPS guidance of 88c-89c on revenue of $5.875B-$5.885B. Consensus for earnings, which was at 76c at the time, has risen to 88c, and consensus for revenue, which was at $5.72B, has increased to $5.89B.

PARTNERSHIPS, FEATURES: In February, Insperity (NSP) announced a partnership with Salesforce to digitally transform its business. The strategic collaboration aims to maximize marketing campaigns, optimize customer acquisition and retention and enhance productivity. Additionally in February, Salesforce announced Ferguson (FERG) will leverage the Salesforce Customer 360 platform for a more comprehensive view of customers.The company also announced a partnership with Coca-Cola (KO) bottlers in North America to deploy Salesforce Consumer Goods Cloud. RingCentral (RNG) also announced in February the release of in-app calling for Salesforce. The new feature enables sales agents to make, transfer, and control phone calls directly from Salesforce. In March, MuleSoft announced MuleSoft Composer for business teams to integrate apps and data and the company introduced the next generation of Sales Cloud. The company also announced that Boys & Girls Clubs of America had selected its technology to deliver more personalized experiences. Additionally in March, MuleSoft announced TAB Bank is using its technology to build an open banking strategy. Salesforce also announced the next generation of Service Cloud in April and a collaboration with Sonos (SONO) to transform its digital shopping capabilities. 

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Zelly 2 weeks ago Member's comment

I think de facto CRM for most organizations today is Salesforce. Sales, marketing, and service data available in Salesforce often needs to be combined with other data sources to generate effective business ideas.