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Salesforce.com: Fiscal 2Q Earnings Snapshot

SAN FRANCISCO (AP) _ Salesforce.com Inc. (CRM) on Thursday reported fiscal second-quarter profit of $91 million.

On a per-share basis, the San Francisco-based company said it had profit of 11 cents. Earnings, adjusted for stock option expense and amortization costs, came to 66 cents per share.

The results topped Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The customer-management software developer posted revenue of $4 billion in the period, also topping Street forecasts. Thirteen analysts surveyed by Zacks expected $3.95 billion.

For the current quarter ending in November, Salesforce.com expects its per-share earnings to range from 65 cents to 66 cents.

The company said it expects revenue in the range of $4.44 billion to $4.45 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $4.24 billion.

Salesforce.com expects full-year earnings in the range of $2.82 to $2.84 per share, with revenue ranging from $16.75 billion to $16.9 billion.

Salesforce.com shares have climbed 8% since the beginning of the year, while the Standard & Poor's 500 index has climbed 17%. In the final minutes of trading on Thursday, shares hit $148.24, a climb of 1% in the last 12 months.


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