The One Metric Every Investor Should Pay Attention to In Salesforce's Earnings
Real Money Stock of the Day Salesforce reported earnings after the bell Thursday, Aug.
The company reported earnings of 66 cents a share, well above forecasts of 47 cents.
Revenue of $4 billion rose 22% from a year earlier and beat Wall Street estimates of $3.96 billion.
"An enormous wave of digital transformation is sweeping across every industry, and major brands, like FedEx, AXA and Unicredit, turned to Salesforce in the quarter to propel their growth," said co-CEO Keith Block.
"The trust our customers have in us to drive their digital transformations is reflected in our strong quarterly results across our clouds and regions." Jeff Marks, senior portfolio analyst for Jim Cramer's Action Alerts PLUS charitable trust, weighed in on the earnings and the one metric that investors should be paying attention to.
Watch the video above to hear what metric Marks is watching.
Jim Cramer and TheStreet Launch Bull Market Fantasy Channel on Maven Jim picks stocks on Wall Street, now he's picking NFL players for fantasy football!
Check it out at BullMarketFantasy.com - check it out here.
Follow Bull Market Fantasy on Twitter @BullMktFantasy Disrupting the World of Fantasy Sports Cramer Confessional: Jim Cramer's One Fantasy Drafting Regret Cramer's Fantasy Football Draft Got a Little Crazy - Watch Jim Cramer Breaks Down His Top Lesson From His Fantasy Draft Premium Pick: Jim Cramer: Want Proof of Economy's Strength?
Look to Home Depot Exclusive: CBD-Infused Happy Tea to IPO in January Cryptos: Bitcoin Is Still Nowhere Near Being Money Billionaire Club: Nepal's Only Billionaire Shares His Success Mantra Ask the Expert: Ask The Expert: Should You Add Gold to Your Portfolio?
TheStreet Explains: The Benefits of Using a Credit Card Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below