Salesforce beats by $0.02, beats on revs; guides Q4 EPS below consensus, revs above consensus; reaffirms FY19 revs guidance (108.80 +1.43)
- Reports Q3 (Oct) earnings of $0.39 per share, $0.02 better than the Capital IQ Consensus of $0.37; revenues rose 25.0% year/year to $2.68 bln vs the $2.65 bln Capital IQ Consensus.
- Deferred revenue on the balance sheet as of October 31, 2017 was $4.39 billion, an increase of 26% year-over-year, and 24% in constant currency.
- Billings- Q2 billings $2.25 bln, +24% y/y, in line with expectations
- Co issues mixed guidance for Q4, sees EPS of 0.32-0.33, excluding non-recurring items, vs. $0.34 Capital IQ Consensus Estimate; sees Q4 revs of 2.801-2.811 vs. $2.79 bln Capital IQ Consensus Estimate.
- Co reaffirms guidance for FY19, sees FY19 revs of $12.45-12.50 bln vs. $12.49 bln Capital IQ Consensus Estimate.