CRM

Salesforce.com Inc Q1 Profit Increases, Beats Estimates

(RTTNews) - Salesforce.com Inc (CRM) announced a profit for its first quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $1.53 billion, or $1.56 per share. This compares with $199 million, or $0.20 per share, in last year's first quarter.

Excluding items, Salesforce.com Inc reported adjusted earnings of $2.41 billion or $2.44 per share for the period.

Analysts on average had expected the company to earn $2.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.7% to $9.13 billion from $8.25 billion last year.

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

-Earnings (Q1): $1.53 Bln. vs. $199 Mln. last year. -EPS (Q1): $1.56 vs. $0.20 last year. -Revenue (Q1): $9.13 Bln vs. $8.25 Bln last year.

-Guidance: Next quarter EPS guidance: $2.34 - $2.36 Next quarter revenue guidance: $9.20 - $9.25 Bln Full year EPS guidance: $9.86 - $9.94 Full year revenue guidance: $37.7 - $38.0 Bln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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