Investors are looking forward to the after-hours figures published by Salesforce on Wednesday. This is how SAP’s competitor performed in the first quarter.
Salesforce earned more in the first quarter of fiscal 2027. While earnings per share were $1.59 in the same period last year, EPS of $2.42 was recorded in the most recently reported quarter. Analysts on average previously expected a profit of $3.13.
However, the SAP rival exceeded analysts’ estimates in terms of sales. Here the experts assumed an increase to 11.05 million US dollars, after 9.83 million US dollars were generated in the same quarter of the previous year. In fact, revenue for the first quarter of fiscal 2027 was $11.133 million.
In after-hours trading on the NYSE, Salesforce shares temporarily fell by 1.48 percent to $175.
Evelyn Schmal, Martina Köhler, editorial team finanzen.net
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