Salesforce posted better-than-expected Q2 earnings

By: Miguel A. Rodriguez

09:45, 14 September 2020

The first cloud-software company to enter Dow Jones had a good Q2

Salesforce, the soon-to-be member of USA30, posted the Q2 earnings. 

The company reported a second-quarter net income of $2.63 billion, or $2.85 per share. Salesforce revenue figures were $5.15 billion, outperforming the $4 billion reported the same time last year. It beat the analyst expectations of $4.9 billion, with an adjusted EPS of 67 cents.

For the next quarter, the cloud-based software company expects an adjusted EPS of 73-74 cents, and revenues reaching a high of $5.25 billion. 

The company is looking for revenues that could reach a high of $20.8 billion at a yearly level, while the EPS is seen between $3.72- $3.74.  

Following the report, Salesforce stock price rallied more than 13%, pushing it to a record high. Year-to-date, it gained more than 33%, while USA500 went up 6.6%, and TECH100 added 28%.

Read all about the company’s addition into #DJIA here!


Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.