Salesforce.com (CRM) reported revenue of $9.33 billion for the quarter ended July 2024, up 8.4% year over year. Earnings per share of $2.56 for the same period compares to $2.12 a year ago.
Reported revenue represents a surprise of +1.04% versus the Zacks Consensus Estimate of $9.23 billion. Against a consensus estimate of $2.35 per share, the EPS surprise was +8.94%.
While investors closely monitor year-over-year changes in key numbers (sales and earnings) and how they compare to Wall Street expectations to determine their future actions, there are some key metrics that always provide greater insight into a company’s fundamental performance.
Since these metrics play a crucial role in determining sales and profit figures, investors can better assess the price development of a share by comparing it with previous year figures and analysts’ estimates.
Here’s how Salesforce.com performed in the just-released quarter on the metrics most closely watched and forecasted by Wall Street analysts:
-
Remaining Performance Obligation (RPO) – Current
: $26.5 billion compared to the average estimate of $26.35 billion based on eight analysts.
-
Remaining Performance Obligation (RPO) – Total
: $53.5 billion compared to the average estimate of five analysts of $53.21 billion.
-
Remaining performance obligation (RPO) – long-term
: $27 billion compared to the average estimate of five analysts of $26.57 billion.
-
Geographical Sales – Americas
: $6.20 billion versus $6.36 billion estimated by two analysts on average. Compared to the same quarter last year, this figure represents a change of +7.5%.
-
Geographical Sales – Asia Pacific
: $940 million versus $916.88 million estimated by two analysts on average. Compared to the same quarter last year, this figure represents a change of +9.3%.
-
Geographical sales – Europe
: $2.18 billion versus the average estimate of two analysts of $1.94 billion. The reported figure represents a year-over-year change of +10.6%.
-
Sales – Professional Services and Other
: $561 million versus $525.23 million estimated by 13 analysts on average. Compared to the same quarter last year, this figure represents a change of -6%.
-
Revenue – Subscription and Support
: $8.76 billion versus the average estimate of 13 analysts of $8.70 billion. The reported figure represents a year-over-year change of +9.5%.
-
Revenue – Subscription and Support – Sales
: $2.07 billion versus the average estimate of the four analysts of $2.04 billion. The reported figure represents a change of +9.3% year-over-year.
-
Sales subscription and support service
: $2.26 billion versus the average estimate of the four analysts of $2.23 billion. The reported figure represents a change of +10.2% year-over-year.
-
Sales- Subscription and Support- Marketing and Commerce
: $1.31 billion versus the average estimate of the four analysts of $1.31 billion. The reported figure represents a change of +5.7% year-over-year.
-
Revenue – Subscription and Support – Platform and Other
: $1.79 billion versus the average estimate of four analysts of $1.76 billion. The reported figure represents a year-over-year change of +9%.
You can find all important company metrics for Salesforce.com here>>>
Salesforce.com shares have returned +2.4% over the past month versus a change of +3.2% for the Zacks S&P 500 Composite. The stock currently has a Zacks Rank #4 (Sell), suggesting it could underperform the broader market in the near future.
Want the latest recommendations from Zacks Investment Research? Download the 7 best stocks for the next 30 days today. Click here to get this free report
Salesforce Inc. (CRM): Free Stock Analysis Report
To read this article on Zacks.com, click here.
Zacks Investment Research
