Salesforce posts $11.13B in quarterly revenue as new investors buy in
What's the deal? Salesforce reported quarterly revenue of $11.13 billion, up 13.3% year-over-year and ahead of analysts' $11.05 billion estimate. The company posted earnings of $3.88 per share, topping the $3.13 consensus by $0.75.
Who's buying? Principle Wealth Partners LLCDealroom has a profile for this one. Try Dealroom → acquired a new stake in the CRM provider during the second quarter, buying 6,808 shares worth roughly $1,067,000, according to a filing with the US Securities and Exchange CommissionDealroom has a profile for this one. Try Dealroom →.
The wider picture: Other institutional investors also adjusted positions. Brighton Jones LLCDealroom has a profile for this one. Try Dealroom → raised its holding 13.7% to 25,668 shares worth $8,582,000, while United BankDealroom has a profile for this one. Try Dealroom → lifted its stake 5.2% to 10,198 shares worth $2,781,000. Hedge funds and other institutions now own 80.43% of the company.
Why it matters? Salesforce sells customer relationship management software, a business that generated an 18.73% net margin and an 18.72% return on equity last quarter. Its results beat expectations on both revenue and profit.
What's next? The company guided fiscal 2027 earnings to $14.06–$14.12 per share and second-quarter earnings to $3.25–$3.27. It also declared a quarterly dividend of $0.44, paid July 2, for a 0.9% yield.
Shares opened at $191.20 on Tuesday, down 2.6%, giving the company a market capitalisation of $156.59 billion and a price-to-earnings ratio of 22.13. The stock trades between a one-year low of $146.32 and a high of $269.11.
The signal: Steady double-digit revenue growth and a broad base of institutional buyers point to sustained confidence in Salesforce, even as the share price sits below its yearly high.
Read more: Ticker Report
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