Salesforce Q1 revenue up 30% YoY

Salesforce reported a mixed bag of earnings with results of $4.87B in revenue, which is up 30% year-over-year, while guidance for the coming quarter is lighter than anticipated. The Final Round breaks down the numbers.

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SEANA SMITH: Well, we're still in the midst of earnings season. A couple of big reports coming out tonight, and Myles Udland has been tracking those headlines for us. And, Myles, looks like you are taking a look at Salesforce first.

MYLES UDLAND: Yeah, well, some of the results out of Salesforce, the stock right now is down 3% in the after hours session. For the current quarter of the company-- or for the last quarter, rather, the company beat on the top and bottom line. Adjusted earnings per share at $0.70. Revenue, $4.87 billion. But its guidance for the current quarter and the full year coming in a little bit light. Company looking for revenues $4.8 to $4.9 billion in this quarter. They had been looking for-- TheStreet was looking for revenues closer to 5 billion. For the full year, they're now expecting revenues to be $20 billion. The previous outlook from Salesforce had been $21 billion to $21.1 billion.