SAN FRANCISCO, May 20, 2014 Salesforce.com announced results for its fiscal first quarter ended April 30, 2014. “Salesforce had a strong start to its fiscal year. We delivered 37% year-over-year growth in revenue, and 67% year-over-year growth in operating cash flow in the first quarter," said Marc Benioff, Chairman and CEO, salesforce.com.
SAN FRANCISCO, May 20,
2014 Salesforce.com announced results for its fiscal firstquarter ended April 30, 2014 . “Salesforce had a strong
start to its fiscal year. We delivered
37% year-over-year growth in revenue, and 67% year-over-year growth in
operating cash flow in the first quarter," said Marc Benioff, Chairman and
CEO, salesforce.com. "Salesforce.com continues to be the #1 CRM platform,
and is the fastest growing top ten software company in the world.” CRM giantReported first- quarter net loss of $ 96.9 million, or 16 cents per share.
Non - GAAP earnings of
11 cents per share on $ 1.23 billion of revenue, which is approximately 37
percent uptick in year. Wall Street had expected earnings per share of $1.21
billion of revenue. In response, Salesforce shares rose about 1.2 percent
after- hours trading, According to MarketWatch.
The Cathedral,
subscriptions and support revenue rang up to $1.15 billion, up 36 percent year
-over- year. Professional services and other revenues were $ 79 million, 58
percent year -over- year Increase. For the current quarter, the Wall Street expects
to return to Salesforce earnings of 12 cents per share on $ 1.27 billion of
revenue a few.
Salesforce said revenue
guidance range of $ 1.285 to $ 1.290 billion, which would in turn increase 34
percent to 35 percent year -over- year. Cloud firm Pursuing profit of 11-12
cents per share. For the year, Salesforce raised its earnings Prospects in the
$ 5.30 billion to $ 5.34 billion, about 30 percent to 31 percent Increase year
-over- year earnings between 49 and 51 cents per share.
