Salesforce reported fiscal first-quarter revenue of $11.13 billion. Revenue increased 13% year-over-year. This result narrowly beat analyst expectations. Adjusted earnings reached $3.88 per share. This figure significantly exceeded the approximately $3.13 consensus estimate.
Shares fell in after-hours trading following a lower-than-expected second-quarter revenue forecast. The company projects second-quarter revenue between $11.27 billion and $11.35 billion. The midpoint of this range misses the $11.36 billion Wall Street estimate.
Salesforce raised its adjusted earnings per share guidance for the full fiscal year.