Salesforce quarter on target
Salesforce.com reported fiscal second quarter earnings that were on target with Wall Street estimates.
The company on Wednesday reported second quarter earnings (statement) of $9.99 million, or 8 cents a share, on revenue of $263 million, up 49 percent from a year ago. According to Thomson Reuters Salesforce.com was expected to report earnings of 8 cents a share on revenue of $260.5 million.
The company touted that it is now on a $1 billion revenue run rate, 4,100 net paying customers to hit 47,700 and its InStranet acquisition announced earlier.
Salesforce.com also projected third quarter revenue of $273 million to $274 million with earnings between 8 cents a share to 9 cents a share, excluding costs from the InStranet purchase. Including InStranet costs, Salesforce.com projected earnings of 6 cents a share to 7 cents a share for the third quarter. That outlook was roughly in line. Wall Street was expected earnings of 9 cents a share on revenue of $273 million.
For fiscal 2009, Salesforce.com said revenue will bet $1.07 billion to $1.075 billion with earnings between 34 cents a share to 35 cents a share excluding InStranet costs. Including costs, fiscal 2009 earnings will be 29 cents a share to 30 cents a share.
By the numbers for the second quarter:
- Salesforce.com had 3,046 employees.
- 72 percent of revenue came from the Americas with 19 percent from Europe. Asia Pacific revenue was 9 percent of the total for the quarter.
- As of July 31, Salesforce.com had $427 million in cash.