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Salesforce.com (NYSE:CRM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.30%.
Salesforce.com Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.6% to $0.51 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Rose 32.14% to $835 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Salesforce.com reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.4. It beat the average revenue estimate of $830.85 million.
Quoting Management: “Salesforce.com had a spectacular finish to its fiscal year. We delivered more than $3 billion in revenue and constant currency revenue growth of 37%,” said Marc Benioff, Chairman and CEO, salesforce.com.
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