Salesforce Mid Year Review: Strong Pipeline And Acquisitions To Drive Growth In The Future

Salesforce (NYSE:CRM) continued its stellar growth in the first half of fiscal year 2017, with its revenues for the first six months increasing 25% year over year, and beating analysts’ expectations in both quarters. The company’s focus on improving its bottom line has also yielded positive results, with operating income increasing more than twice as fast as revenues. The company’s net income has also risen significantly, primarily due to the tax benefits related to its acquisition of Demandware. Despite good performance in the first two quarters, its stock dipped 6% after Q2 earnings, owing to the weaker-than-expected guidance for Q3. Salesforce guided its current quarter revenue and EPS at $2.12 billion and $0.20-$0.21, respectively, which was slightly below Reuters’ consensus estimates of $2.13 billion and $0.24. However, the company’s revenue guidance would…


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