Salesforce.com landing larger deployments
Salesforce.com said Wednesday that it is winning larger deployments and that's padding its financial results.
The company reported its fiscal second quarter results and said it passed the 800,000 subscriber mark. As for the deployments it appears larger companies are buying into Salesfore.com.
To wit:
- Two customers have more than 30,000 subscribers;
- Four have 20,000 subscribers;
- Five customers have more than 10,000 subscribers;
- And the company added 3,000 net paying customers for the quarter ending July 31.
Those figures translated to earnings of 3 cents a share on revenue of $176.6 million. Sales were up 49 percent from a year ago and up 9 percent from the first quarter. According to Thomson Financial Salesforce was expected to report earnings of a penny a share on revenue of $174 million.
Salesforce.com (see all resources and Between the Lines posts) also upped its outlook for the third quarter and fiscal 2008. For the third quarter revenue is expected to be $187 million to $189 million. Earnings are expected to be a penny a share to 2 cents a share. For the year, Salesforce.com is projecting revenue of $727 million to $732 million with earnings of 8 cents a share to 10 cents a share. Those estimates are ahead of Thomson Financial estimates.