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Investing.com – Salesforce.com lifted its annual guidance after reporting on Tuesday third-quarter results that beat analysts’ forecasts. The cloud company also confirmed it would acquire messaging platform Slack for $27.7 billion.
Salesforce.com announced earnings per share of $1.74 on revenue of $5.42 billion. Analysts polled by Investing.com anticipated EPS of 74 cents on revenue of $5.25 billion.
Subscription and support, which makes up the bulk of growth, saw revenue for the quarter rise 20% to $5.09 billion. Professional services and other revenues for the quarter were $0.33 billion, an increase of 22% year-over-year.
“Our results are being driven by the success of our customers and the relevance of our Customer 360 Platform in this new normal,” the company said.
For the four-quarter, the company sees EPS of between $0.73 and $0.74 on revenue between $5.6 billion to $5.7 billion.
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