Salesforce Q2 2018 earnings are set for release after closing bell tonight. Analysts are expecting the cloud giant to report non-GAAP earnings of 32 cents per share on $2.5 billion in revenue. When reporting the results from its first fiscal quarter, the company gave an outlook of 31 cents to 32 cents per share in adjusted earnings and $2.51 billion to $2.52 billion in revenue. On a GAAP basis, Wall Street expects Salesforce Q2 2018 earnings to come in at 1 cent per share.
In last year’s second quarter, Salesforce reported earnings of 24 cents per share on $2.04 billion in revenue.
Salesforce Q2 2018 earnings
Salesforce went on an acquisition spree last year, gobbling up a number of cloud-focused firms. Wall Street generally expects Einstein and Commerce Cloud to take center stage this year, according to MarketWatch. Salesforce CEO Mark Benioff focused on these two companies during his Dreamforce keynote speech in 2016, so investors’ interest was likely piqued then.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More
Einstein is a personal assistant driven by machine learning and artificial intelligence, while Commerce Cloud is a retail platform that challenges big names such as Oracle and SAP SE in the market for cloud business from retailer