Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Salesforce.com    CRM

SALESFORCE.COM (CRM)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

salesforce com : Eases Revenue Worries -- WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/19/2017 | 08:48am CEST
By Jay Greene 

Salesforce.com Inc. posted a 26% jump in deferred revenue for its fiscal first quarter, easing concerns after the company provided a lukewarm forecast for billings three months ago.

Results were so much better than it had expected, Salesforce lifted its outlook for revenue for the year by $100 million from what it had anticipated just three months ago.

The San Francisco-based business-software company now expects annual revenue of $10.25 billion to $10.30 billion, up 22% to 23% from the prior year. Salesforce also bumped up its expectation for per-share profit for the year by a penny to between 6 cents and 8 cents.

Salesforce attributed the higher forecast to its ability to grow more quickly than it expected three months ago. It is doing so even in the face of competition from Microsoft Corp., Oracle Corp. and ServiceNow Inc.

Even though rivals are targeting Salesforce's stronghold in customer-relationship management, the company said it is able to grab significant pieces of new business in the growing field. "We're absolutely taking share," Salesforce president and operating chief Keith Block said in an interview.

Since Salesforce relies on subscriptions of its web-based, on-demand software used by business customers, deferred revenue is a strong indicator of the company's prospects. Deferred revenue, which consists primarily of billings received in advance for subscription services, totaled $5.04 billion in the quarter.

The company surprised Wall Street three months ago, forecasting first-quarter deferred-revenue growth of 22% to 23%, a sign that billings growth wouldn't be as robust as some analysts expected. In the year-earlier quarter, deferred revenue grew 31%.

"It was a somewhat low hurdle," Stifel, Nicolaus & Co. analyst Tom Roderick said of the earlier guidance. "They blew past it."

After Salesforce reported its quarterly results Thursday, its shares climbed 1.8% to $89.40 in recent after-hours trading.

Revenue from Sales Cloud, the company's sales-force automation business, rose 15% to $829.6 million. Salesforce is facing increased competition in the business from Microsoft's Dynamics applications, which some analysts believe is luring small and midsize customers with aggressive pricing.

"The worries about Microsoft Dynamics pressuring them isn't showing up in the numbers yet," Mr. Roderick said.

Salesforce's Service Cloud business, which provides technology to help businesses run customer-service operations, generated $651.2 million in revenue, a 21% gain. That business is facing increasing competition from ServiceNow Inc.

And revenue from Marketing Cloud, the company's offering to manage customers' email and advertising campaigns, which was bolstered by the July acquisition of Demandware Inc., grew 56% to $289 million.

Salesforce posted a loss of $9.2 million, or a penny a share, for the quarter ended April 30, compared with a profit of $38.8 million, or 6 cents a share, a year earlier.

Excluding the impact of items such as amortization and stock-based compensation, adjusted earnings rose to 28 cents a share from 24 cents a year earlier. Revenue gained 25% to $2.39 billion.

Analysts surveyed by S&P Global Market Intelligence expected Salesforce to report adjusted earnings of 26 cents a share on revenue of $2.35 billion.

Write to Jay Greene at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
SERVICENOW INC -1.98% 176.7 Delayed Quote.35.52%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SALESFORCE.COM
06/23SALESFORCE COM : Susan Wojcicki Buys 6,000 Shares of salesforce.com, inc. (CRM) ..
AQ
06/21SALESFORCE COM : CRM) Vice Chairman Keith Block Sells 10,000 Shares
AQ
06/21SALESFORCE COM : Vice Chairman Keith Block Sells 10,000 Shares
AQ
06/21SALESFORCE : Announces Health Cloud for Payers, Transforming Business Operations..
PR
06/21Free Pre-Market Technical Pulse on salesforce.com and Three More Application ..
AC
06/21SALESFORCE COM : SAP aims to double CRM business in two years - sales chief
RE
06/20SALESFORCE COM : Citiri Secures Funding to Transform Airport Remodeling and Mode..
AQ
06/20DATA MIGRATION SERVICES MARKET - GLO : Data Migration Services Global Market Dem..
AQ
06/20Oracle's forecast miss overshadows cloud growth, shares fall
RE
06/20Oracle's forecast miss overshadows cloud growth, shares fall
RE
More news
News from SeekingAlpha
06/22RED HAT : Due For A Pullback 
06/21SALESFORCE.COM : A Screaming Sell 
06/21REUTERS : SAP wants to double CRM business in two years 
06/21Daily Insider Ratings Round Up 6/19/18 
06/19SALESFORCE.COM : Is It Too Late? 
Financials ($)
Sales 2019 13 129 M
EBIT 2019 2 137 M
Net income 2019 434 M
Finance 2019 2 680 M
Yield 2019 -
P/E ratio 2019 240,36
P/E ratio 2020 171,31
EV / Sales 2019 7,34x
EV / Sales 2020 5,88x
Capitalization 99 084 M
Chart SALESFORCE.COM
Duration : Period :
Salesforce.com Technical Analysis Chart | CRM | US79466L3024 | 4-Traders
Technical analysis trends SALESFORCE.COM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 147 $
Spread / Average Target 9,1%
EPS Revisions
Managers
NameTitle
Marc Russell Benioff Chairman & Chief Executive Officer
Alexandre Dayon Co-President & Chief Strategy Officer
Keith G. Block Vice Chairman, Co-President & COO
Mark J. Hawkins Co-President & Chief Financial Officer
Bret Steven Taylor Co-President & Chief Product Officer
Sector and Competitors
1st jan.Capitalization (M$)
SALESFORCE.COM35.91%99 084
NUTANIX INC54.02%8 929
SOPHOS GROUP PLC3.86%3 696
QUALYS INC61.58%3 461
CORNERSTONE ONDEMAND, INC.40.42%2 862
GTT COMMUNICATIONS INC4.79%2 204