The founder and chairman of the enterprise cloud computing company is a man.
Wall Street was expecting sales and earnings to be down, but they were up. After earnings guidance for the fourth quarter fell short of expectations, shares fell over 6%.
Current CEO and current President of the company, Marc Benioff, will be co-CEO with current President and COO, Bret Taylor. Taylor would help lead the company through the next chapter.
The stock fell in extended trading.
The company did better than the consensus expectations.
The earnings were up 27% year-over-year to $1.27 per share.
Revenue was $6.86 billion, versus $6.80 billion expected.
In the same period a year earlier, sales were up 27%. The company expects revenue to be in the $7.22 billion to $7.23 billion range, which is in line with analyst expectations.
The company said that it expected earnings per share to be between 72 and 73 cents in the December quarter.
Sales Cloud, the company's core product that salespeople use to track leads and opportunities, reported a 17% increase in sales. The Service Cloud business of the company was up 20% from last year.
The company said it had re-classified sales from its acquisitions of Mulesoft and Tableau into its Data unit, which reported $900 million in sales.
In July, the acquisition of the enterprise chat app bySalesforce was completed. The app contributed $276 million in sales to the company's Platform unit.
