9 Salesforce Analysts React to Q1 Earnings Beat: ‘Next Quality Software GARP Stock’

9 Salesforce Analysts React to Q1 Earnings Beat: ‘Next Quality Software GARP Stock’
The Salesforce logo is seen at its headquarters in San Francisco, Calif., on Dec. 1, 2020. Stephen Lam/Getty Images
Benzinga
Updated:

Salesforce Inc. shares jumped Wednesday morning after the company reported first-quarter earnings and raised its profit forecast.

On Tuesday, Salesforce reported adjusted first-quarter EPS of 98 cents on $7.41 billion in revenue. Both numbers beat consensus analyst estimates of 94 cents and $7.38 billion, respectively. Revenue was up 24 percent from a year ago.