CRM - Salesforce Stock Is Surging Thursday: What's Going On? | Benzinga
Salesforce Inc (NYSE: CRM) shares are trading higher Thursday on the heels of the company's third-quarter financial results. Several analysts also raised price targets following the print.
- Q3 Revenue: $8.72 billion versus estimates of $8.72 billion
- Q3 EPS: $2.11 versus estimates of $2.06
Revenues were up 11% year-over-year, cash flow from operations was up 389% and free cash flow was up 1,088% to $1.37 billion. Operating margin came in at 17.2% in the third quarter.
"We're now the third largest enterprise software company by revenue, the number ...