Salesforce.com: Fiscal Q2 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce.com Inc. (CRM) on Wednesday reported fiscal second-quarter earnings of $1.43 billion.
The San Francisco-based company said it had profit of $1.47 per share. Earnings, adjusted for one-time gains and costs, came to $2.56 per share.
The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The customer-management software developer posted revenue of $9.32 billion in the period, also beating Street forecasts. Fourteen analysts surveyed by Zacks expected $9.23 billion.
For the current quarter ending in October, Salesforce.com expects its per-share earnings to range from $2.42 to $2.44.
The company said it expects revenue in the range of $9.31 billion to $9.36 billion for the fiscal third quarter.
Salesforce.com expects full-year earnings in the range of $10.03 to $10.11 per share, with revenue ranging from $37.7 billion to $38 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRM at https://www.zacks.com/ap/CRM