Customer relations software maker Salesforce, Inc.’s (CRM) EPS beat analyst estimates in the third quarter of fiscal 2022 by 14.5%, while its revenue was $3.41 million higher than the consensus estimate. CRM’s President and CFO, Amy Weaver, said, “We delivered another quarter of double-digit top and bottom-line growth. In this time of economic uncertainty, we remain committed to profitable growth and consistent operating margin expansion.”
For fiscal 2023, the company updated its guidance. It expects revenue to come between $30.90 billion to $31 billion, representing an increase of 17% year-over-year and 20% in constant currency. Its non-GAAP operating margin was raised from 20.4% to 20.7%. In addition, it expects non-GAAP EPS of $4.92 to $4.94, up from $4.71 to $4.73 projected earlier.
