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MarketScreener Homepage  >  Equities  >  Nyse  >  Salesforce.com    CRM

SALESFORCE.COM

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Salesforce com : Maintains Growth of Operating Earnings

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12/03/2019 | 05:09pm EST

By Aaron Tilley

Salesforce.com Inc. posted a fiscal third-quarter net loss after closing its biggest ever acquisition even as its operating earnings remained on a growth track.

The company, a provider of subscription-based business software, said on Tuesday that it had a net loss of $109 million compared with a $105 million net profit a year earlier.

In August, Salesforce said it completed the purchase of Tableau Software Inc., a data-analytics platform, for more than $15 billion in stock. The addition, Salesforce has said, is expected to help the company build out a new business in data-analytics software, though it weighed on the last quarter's bottom line because of charges related to the deal.

Sales in the quarter ended Oct. 31 rose 33% to a record $4.51 billion, compared with $4.45 billion that analysts surveyed by FactSet had been expecting. Salesforce's closely watched anticipated billings for the coming months from its subscription-based revenue model rose 28% year-over-year. The company previously promised growth of 24% to 25%.

The San Francisco company raised last month the top end of its full-year sales guidance to $17 billion after boosting its outlook already once over the summer. Salesforce also said it would increase sales to as high as $35 billion in the fiscal year ended Jan. 31, 2024.

Revenue in the current quarter should reach $4.74 billion to $4.75 billion, Salesforce said. Analysts had forecast sales of $4.74 billion. The company also said sales in the first quarter of the coming financial year should rise as much as 29% to $4.84 billion compared with the prior-year period.

Shares fell 1.79% in after-hours trading.

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Financials (USD)
Sales 2020 17 002 M
EBIT 2020 2 817 M
Net income 2020 369 M
Finance 2020 4 409 M
Yield 2020 -
P/E ratio 2020 362x
P/E ratio 2021 307x
EV / Sales2020 7,90x
EV / Sales2021 6,20x
Capitalization 139 B
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Mean consensus BUY
Number of Analysts 45
Average target price 189,38  $
Last Close Price 156,39  $
Spread / Highest target 34,3%
Spread / Average Target 21,1%
Spread / Lowest Target -11,1%
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Managers
NameTitle
Marc Russell Benioff Chairman & Co-Chief Executive Officer
Keith G. Block Vice Chairman, Co-President, Co-CEO
Alexandre Dayon Co-President & Chief Strategy Officer
Mark J. Hawkins Co-President & Chief Financial Officer
Bret Steven Taylor Co-President & Chief Product Officer
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