Salesforce beats on earnings and revenue but full-year guidance comes in light

Salesforce reported stronger-than-expected quarterly results on Wednesday, but the cloud software vendor issued full-year guidance that was slightly below Wall Street expectations. The stock was little changed in extended trading. Here's how the company did relative to LSEG consensus: Earnings per share: $3.88 adjusted vs. $3.12 expected Revenue: $11.13 billion vs. $11.05 billion expected Revenue increased 13% year over year during the quarter, which ended on April 30, according to a statement . Net income rose to $2.11 billion, or $2.42 per share, from $1.54 billion, or $1.59 per share, a year earlier. Adjusted net income excludes impact from stock-based compensation, income tax and amortization of intangible assets. For the current quarter, Salesforce called for $3.25 to $3.27 in adjusted earnings per share on $11.27 billion to $11.35 billion revenue. Analysts polled by LSEG had expected $3.25 per share on $11.36 billion in revenue. The company pushed up its full-year forecast to $14.06 to $14.12 in adjusted earnings per share on $45.9 billion to $46.2 billion in revenue. The middle of the revenue range, at $46.05 billion, implies about 11% growth. Analysts surveyed by LSEG had been looking for $13.22 per share and $46.12 billion in revenue. …