alesforce beats by $0.13, beats on revs; guides Q3 EPS below consensus, revs in-line; raises FY19 EPS above consensus, raises rev, in-line (154.80 +1.81)
- Reports Q2 (Jul) earnings of $0.60 per share, excluding $0.14/share in mark-to-market gains, $0.13 better than the S&P Capital IQ Consensus of $0.47; revenues rose 27.3% year/year to $3.28 bln vs the $3.23 bln S&P Capital IQ Consensus.
- Unearned revenue +24% to $5.88 billion vs. +22-23% guidance.
- Co issues guidance for Q3, sees EPS of $0.49-0.50, excluding non-recurring items, vs. $0.54 S&P Capital IQ Consensus; sees Q3 revs of $3.355-3.365 bln vs. $3.36 bln S&P Capital IQ Consensus.
- Co issues guidance for FY19, sees EPS of $2.50-2.52, excluding non-recurring items, vs. $2.31 S&P Capital IQ Consensus; sees FY19 revs of $13.125-13.175 bln vs. $13.13 bln S&P Capital IQ Consensus.
· "With this strong quarter, we're well on our way to our next milestone of $23 billion in revenue in FY22." "Salesforce's vision and position as the #1 sales, service, marketing and CRM platform is enabling our customers to stay ahead and thrive in this Fourth Industrial Revolution," said Marc Benioff, chairman and co-CEO, Salesforce.