Salesforce Stock Slides Despite Q2 Revenue, EPS Beat, Raised Guidance

Salesforce Inc (NYSE:CRM) reported financial results for the second quarter after the market close on Wednesday. Here’s a look at the key metrics from the quarter.

Q2 Highlights: Salesforce reported second-quarter revenue of $10.24 billion, beating the consensus estimate of $10.14 billion, according to Benzinga Pro. The company reported second-quarter adjusted earnings of $2.91 per share, beating analyst estimates of $2.78 per share.

Total revenue was up 10% on a year-over-year basis. Operating margin came in at 22.8%, or 34.3% on an adjusted basis. The company ended the quarter with remaining performance obligations of $29.4 billion, up 11% year-over-year.

Salesforce repurchased $2.2 billion worth of its stock in the quarter and returned $399 million to shareholders in the form of dividend payments. The company had ...