Salesforce.com (CRM), Thursday reported first-quarter net loss of $67.7 million or $0.12 per share, up from $19.5 million or $0.04 per share last year.
Adjusted earnings for the quarter improved to $0.10 per share from $0.09 per share last year. On average, 40 analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 28 percent to $892.6 million from $695.5 million last year. Analysts estimated revenues of $887.08 million for the quarter.
For the second quarter, the company expects loss of $0.07 to $0.06 per share, adjusted earnings of $0.11 to $0.12 per share, and revenues of $931 million to $936 million. Analysts currently estimate earnings of $0.12 per share on revenues of $934.56 million.
For the full year 2014, the company now expects loss of $0.33 to $0.31 per share, adjusted earnings of $0.47 to $0.49 and revenues of $3.835 billion to $3.875 billion.
Previously, the company expected loss of $1.22 to $1.18 per share, adjusted earnings of $1.93 to $1.97 per share, and revenues of $3.82 billion to $3.87 billion.
Analysts currently expect earnings of $0.49 per share on revenues of 3.87 billion for the full year 2014.
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