Salesforce Q2 Earnings Preview: Revenue Growth Expected to Slow

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Summary · why it matters

Salesforce is set to report its fiscal second-quarter earnings this Wednesday after market hours, with analysts expecting revenue to grow 10.7% year over year, a slowdown from the 13.3% growth reported last quarter. The company beat revenue expectations last quarter with $11.13 billion in revenue, but missed on billings estimates. Peers ZoomInfo and Freshworks have already reported Q2 results, with ZoomInfo beating revenue estimates by 2.7% and Freshworks topping by 1.6%. Salesforce shares are up 20.2% over the last month, and the average analyst price target is $243.98 compared to the current share price of $208.63.

Impact on assets 3

Artificial Intelligence▲ · 2 stocks
Salesforce.com Inc
CRM
± MixedCapitalrelevance

Earnings preview with expected revenue growth slowdown, but shares up and analyst targets above current price.

Freshworks Inc
FRSH
± MixedCapitalrelevance

Mentioned as peer that beat revenue estimates, but no direct impact on Freshworks.

Cloud & Digital Infrastructure▲ · 1 stocks