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Salesforce.com Inc Q2 Profit Increases, Beats Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Salesforce.com Inc (CRM) revealed earnings for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $1.887 billion, or $1.96 per share. This compares with $1.429 billion, or $1.47 per share, last year.

Excluding items, Salesforce.com Inc reported adjusted earnings of $2.795 billion or $2.91 per share for the period.

Analysts on average had expected the company to earn $2.78 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 9.8% to $10.236 billion from $9.325 billion last year.

Salesforce.com Inc earnings at a glance (GAAP) :

-Earnings: $1.887 Bln. vs. $1.429 Bln. last year.
-EPS: $1.96 vs. $1.47 last year.
-Revenue: $10.236 Bln vs. $9.325 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.84 - $2.86
Next quarter revenue guidance: $10.24 - $10.29 Bln
Full year EPS guidance: $11.33 - $11.37
Full year revenue guidance: $41.1 - $41.3 Bln

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