Salesforce Reports Strong Q3 Financial Performance
Salesforce Inc. announced on Tuesday that its revenue for the third quarter of fiscal 2025 reached $9.44 billion, marking an 8% increase compared to the same period last year. This figure exceeded analysts' expectations, reflecting the company's robust growth trajectory.
The California-based tech giant also reported a significant surge in its diluted earnings per share, which jumped 25% to $1.58. Net income for the quarter stood at $1.5 billion, representing a 24% year-over-year increase. Salesforce has revised its full-fiscal year guidance upwards, anticipating revenue between $37.8 billion and $38 billion, indicating an 8% to 9% growth year-over-year. Additionally, the company's forecast for operating cash flow growth has been adjusted to 24% to 26%.
CEO Marc Benioff's Vision for the Future
CEO Marc Benioff emphasized the transformative impact of Salesforce's AI system, Agentforce, stating, "We delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO […] Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation. The rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale."
Following the earnings announcement, Salesforce's stock experienced a 5.14% surge in after-hours trading, selling at $348.48 per share.
Comments