{"id":1694,"date":"2016-11-18T00:13:23","date_gmt":"2016-11-18T00:13:23","guid":{"rendered":"http:\/\/www.rsoftsolution.com\/blog\/salesforce-looks-surprisingly-good-headed-into-the-end-of-the-year-with-a-strong-q3.html"},"modified":"2016-11-18T00:13:23","modified_gmt":"2016-11-18T00:13:23","slug":"salesforce-looks-surprisingly-good-headed-into-the-end-of-the-year-with-a-strong-q3","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/salesforce-looks-surprisingly-good-headed-into-the-end-of-the-year-with-a-strong-q3.html","title":{"rendered":"Salesforce looks surprisingly good headed into the end of the year with a strong Q3"},"content":{"rendered":"


\n<\/p>\n

Despite a weak second quarter and a lot of eyes on the end of the year, Salesforce is already starting to look pretty good again to Wall Street.<\/p>\n

The company beat analyst expectations today in its third-quarter earnings report across the board. Salesforce reported earnings of 24 cents per share on revenue of $2.14 billion. Wall Street was looking for earnings of 21 cents per share on revenue of $2.12 billion. Shares of the company, already up 2% on the day, shot up another 6% once the report came out.<\/p>\n

That\u2019ll come as a welcome relief to the company, which face planted in the last quarter and showed guidance at the weak end<\/a>. Still, the company has yet to enter the critical end of the year, and it\u2019s going to have to show that it can offer a more complete suite of tools than emerging competitors on all ends of the spectrum.<\/p>\n

The company has had to face the reality of trying to ignite growth, whether that\u2019s from expanding into new businesses or acquiring them. Salesforce,\u00a0as part of the earning release, said it was raising its guidance on the year by $50 million.<\/p>\n

To partially get that done, Salesforce has been on a complete acquisition binge. This year it\u2019s picked up\u00a0Demandware for $2.8 billion<\/a> and Quip for $750 million<\/a>, and was even looking to shell out more than $20 billion for LinkedIn, though it inevitably lost that to Microsoft. That still hasn\u2019t stopped it from trying to keep things difficult for Microsoft, which had just acquired one of the largest customer acquisition channels on the planet.<\/p>\n

Here\u2019s the scorecard for the third quarter:<\/p>\n