Salesforce Posts Record Quarterly Revenue, Raises Guidance
By TechCrunch:
By Leena Rao
Salesforce (CRM) just posted its Q2 2012 earnings today, posting record quarterly revenue of $546 million, which is up 38% Year-Over-Year. Non-GAAP diluted earnings per share increased 3% year-over-year to $0.30. Analysts expected EPS of $0.30 and $529 million for revenue. Subscription and support revenues were $509 million, an increase of 38% on a year-over-year basis. Professional services and other revenues were $37 million, an increase of 44% on a year-over-year basis. Q2 GAAP net loss per share was ($0.03), which includes a one-time charge of $0.04 per diluted share associated with the legal settlement over a California state wage and hour lawsuit. The company’s non-GAAP results exclude the effects of approximately $55 million in stock-based compensation expense, approximately $19 million in amortization of purchased intangibles, and approximately $3 million in net non-cash interest expense related to the company’s convertible senior notes. Salesforce says that it addedComplete Story »
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