11:36 am Salesforce.com (CRM)
Salesforce.com (CRM) is trading 8.3% higher today after reporting strong Q2 (Jul) earnings last night. The company also raised guidance for the full year and guided in-line for Q3 (Oct).
Revenue rose 38% YoY to $1.32 bln, above the $1.29 bln consensus, while non-GAAP EPS rose 44% YoY to $0.13, a penny better than expected. Drilling down a bit, subscription and support revenue came in at $1.23 bln (+37%) while professional services revenue rose 58% YoY to $86 mln.
CRM has been posting very strong top line growth despite its large size. In fact, …More