Cloud Computing: Salesforce posts strong Q3 earnings, beats Street
November 24, 2012
Grazed from CNET. Author: Rachel King.
Aiming to be the first cloud computing company to hit a $4 billion annual run rate, Salesforce.com is on the right track as it beat Wall Street expectations for the third quarter.
The social enterprise giant reported a third quarter net loss of $220 million, or $1.55 per share (statement). Non-GAAP earnings were 33 cents a share on a revenue of $788 million, up 35 percent annually…
Wall Street was expecting Salesforce to report third-quarter earnings of 32 cents a share on revenue of $776.5 million. But Salesforce seems interested in discussing future quarters, as CEO Marc Benioff commented about in prepared remarks:…
Read more from the source @ http://news.cnet.com/8301-1001_3-57552834-92/salesforce-posts-strong-q3-earnings-beats-street/