Company Earnings Update 4 minutesRegister for Free AccessSalesforce (NYSE: CRM) 1Q20 Results: Beats Consensus and Reaffirms/Raises Guidance on Strong Platform Growth Coresight Research June 5, 2019 Executive Summary Salesforce reported fiscal 1Q20 revenues of $3.74 billion, up 24.3% and beating the $3.69 billion consensus estimate. Adjusted EPS was $0.93, which includes a $0.27 per share gain for marking investments to market, compared to the $0.61 consensus estimate. The category “Salesforce platform and other” was the fastest-growing segment, with revenues up 46.4% in the quarter, followed by the marketing and commerce cloud, whose revenues grew 32.9%. The company reaffirmed fiscal 2020 revenue guidance of $16.10-16.25 billion (up 21-22% year over year) and raised adjusted EPS guidance to $2.88-2.90 (up 5% year over year) from $2.54-2.56. The company hopes to organically double revenue over the next four years, targeting revenues of $26-28 billion in fiscal 2023. 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: Three Things You Need To Know: Leading Indicators of US Retail Sales—December 2022China Consumer Tracker: Avoidance Drops Ahead of Chinese New YearUS Back to School 2023: Retail Outlook—Macro Context and Consumer PlansEuropean Grocery Retail Dynamics Amid Broader Inflationary Trends