Market Overview

Salesforce Shares Trending Higher After Releasing Q2 earnings

Share:
Related CRM
A Clear And Sunny Forecast For Salesforce's Q4 On Expected Cloud Strength
Benzinga's Top Upgrades, Downgrades For February 16, 2017
How the Leaders of Enterprise Management SaaS are Growing (GuruFocus)

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

Posted-In: Marc BenioffEarnings News Guidance After-Hours Center

 

Related Articles (CRM)

View Comments and Join the Discussion!