Salesforce Shares Trending Higher After Releasing Q2 earnings
Salesfore (NYSE: CRM) shares up 0.24 percent after beating bottom line estimates by $0.01 per share, reporting EPS of $0.13.
Second quarter revenue is $1.32 billion, beating the Street consensus of $1.29 billion. Second quarter revenue increased 38 percent year over year. Subscription revenues made up the majority of sales totaling $1.23 billion, increasing 37 percent year over year.
Cash generated from operations in Q2 increased 34 percent to $246 million
CEO Marc Benioff stated “ I'm delighted to announce that we are once again raising our fiscal year 2015 revenue guidance by $30 million.”
Third quarter fiscal year 2015 guidance is projected to increase from $1.365 billion to $1.370 billion. Revenue for the company's full fiscal year 2015 is projected to be in the range of $5.340 billion to $5.370 billion, an increase of 31 percent to 32 percent, respectively.
Salesforce shares are currently trading at $56.00 after hours
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