Company Earnings Update 4 minutesRegister for Free AccessSalesforce (NYSE: CRM) 2Q20 Results: Quarter in Line/Beats Consensus, Strength from Marketing and Commerce, Raises Revenue Guidance Coresight Research August 22, 2019 Executive Summary Salesforce reported fiscal 2Q20 revenues of $4.00 billion, up 21.8% and in line with the $3.96 billion consensus estimate. Adjusted EPS was $0.66, down 6.9% year over year and beating the $0.47 consensus estimate. Marketing and commerce cloud was the fastest-growing segment, growing 36.3% year over year, driven by strong subscription and support growth. Salesforce adjusted fiscal 2020 guidance, raising revenue guidance to $16.75-16.90 billion (up 25-27% year over year) from $16.10-16.25 billion and updating adjusted EPS guidance to $2.82-2.84 (up 3% year over year). Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Research Preview: Market Navigator—US Department StoresThree Data Points We’re Watching This Week, Week 48: US Holiday Outlook UpdateEarnings Insights 1Q23, Week 5: Burlington, Deckers, Dick’s and Ulta Post Strong Results; Big Lots, Foot Locker, Kohl’s and Others See Sales DeclineMarket Navigator: US Grocery Retailing—Exploring Growth, Inflation, Competition, Trends and Strategies
