Salesforce (CRM) delivered an epic quarter in what we believe is truly a seminal moment within its lifecycle, according to a Morningstar analyst. Dan Romanoff and Lee Bohl discuss the takeaways from CRM's earnings. Lee notes that CRM's stronger company wide focus is on profitability and its enterprise applications software market is highly competitive and is rapidly evolving. They note that CRM's stock jumps on a better-than-expected forecast. They go over how CRM sees FY24 adjusted EPS at $7.12-$7.14 versus an estimated $5.84 and sees revenue at $34.5B0$34.7B versus an estimated $34.03B. Tune in to find out more about the stock market today.
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