Salesforce Benefits From Cloud Computing Trend; Beats Estimates And Raises Guidance
August 22, 2014
Grazed from BidnessEtc. Author: Larry Darrell.
Salesforce.com, Inc. (CRM), a pioneer of cloud software business, announced its earnings results for the second quarter of tis fiscal 2015 (2QFY15) after the market closed yesterday.
The San Francisco-based company also revised up its guidance for the entire FY15 after the strong results seen in 2QFY15. Its guidance for revenues was increased by $30 million to $5.34-5.37 billion, while analysts estimate $5.34 billion. The forecast for adjusted EPS was also revised up to $0.50-0.52, in line with expectations of $0.51…
Salesforce also issued guidance for its ongoing quarter, forecasting EPS of $0.12-0.13 and revenues of $1.36-1.37 billion. Analysts’ estimates stand at $0.125 and $1.36 billion, respectively…
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