Salesforce reported fiscal third-quarter revenue that surpassed Wall Street's estimates amid gains in subscription and support sales. Revenue gained 8% to $9.44 billion, above the $9.35 billion consensus compiled by FactSet. Adjusted per-share earnings rose to $2.41 during the three months ended Oct.
31 from $2.11 a year earlier. Shares were up 5% in after-hours trading. Subscription and support revenue increased 9% to $8.88 billion, while professional services and other fell to $565 million from $579 million. Salesforce now expects fiscal 2025 revenue at $37.8 billion to $38 billion, raising the low end of the prior guidance from $37.7 billion.
Analysts polled by FactSet expect $37.85 billion in full-year sales. The company forecasts adjusted EPS of $9.98 to $10.03 this year, compared with $10.03 to $10.11 previously expected. For the current quarter, Salesforce projects adjusted EPS of $2.57 to $2.62 on revenue between $9.9 billion to $10.1 billion, which would reflect 7% to 9% year-over-year growth.
The Street is projecting $10.05 billion in sales..