Salesforce (CRM) reported second-quarter results that beat analysts' expectations on both profit and revenue. The enterprise software giant also issued better-than-expected full-year guidance, sending the Dow (^DJI) component higher in after-hours trading.
“We've achieved numbers that other software companies haven't reported,” Salesforce (CRM) Chairman and CEO Marc Benioff told Yahoo Finance editor-in-chief Brian Sozzi.
Third Bridge analyst Charlie Miner said the upside to expected operating margins was key: “I think what a lot of people are hoping for right now is an upside to adjusted operating margins. Profitability has been a total focus for Salesforce over the last six quarters, and it can't be overlooked, especially now that growth has slowed to single digits over the last two quarters, just the second time in the company's history.”
The company announced on its earnings call that Amy Weaver would step down as chief financial officer, with Benioff saying, “Amy has been a great addition to our executive team, and I am looking for a great CFO.”
This post was written by Rachel Sherman.
