Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Delayed Quote. Delayed  - 05/26 10:01:05 pm
90.83 USD   -0.48%
10:21a FORMIDABLE MONE : Salesforce.com, inc. (CRM)
05/26 MORNING TRENDIN : Salesforce.com, inc. (CRM)
05/25 MORNING TOP MOV : Salesforce.com, inc. | Technology
News SummaryMost relevantAll newsSector newsTweets 

salesforce com : Lifts Its Outlook -- 2nd update

share with twitter share with LinkedIn share with facebook
share via e-mail
05/19/2017 | 03:39am 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]

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SALESFORCE.COM, INC.
10:21a FORMIDABLE MONEY-MAKING STOCKS FOR T : Salesforce.com, inc. (CRM)
05/26 MORNING TRENDING TICKERS : Salesforce.com, inc. (CRM)
05/25 MORNING TOP MOVERS : Salesforce.com, inc. | Technology
05/24 SALESFORCE : Announces Strategic Agreement with Dell Technologies
05/24 SALESFORCE COM : Delivers 25% Revenue Growth
05/24 SALESFORCE : Chairman and CEO Marc Benioff to Speak at Upcoming Events
05/24 MORNING TOP MOVERS : Salesforce.com, inc. (CRM)
05/23 SALESFORCE : Announces Annual Stockholders Meeting to be Held in San Francisco o..
05/23 SALESFORCE COM : and Indianapolis Community Celebrate the Grand Opening of Tower..
05/23 SALESFORCE COM : Another Industry Rock Star Joins the 7Summits Executive Team
More news
Sector news : Cloud Computing Services
03:03a Chipotle says hackers hit most restaurants in data breach
03:03a Chipotle says hackers hit most restaurants in data breach
05/26 BA and Iberia plan third-party booking surcharge, Amadeus shares hit
05/18DJINTERNATIONAL BUSINESS MACHINES : IBM, a Pioneer of Remote Work, Calls Workers B..
More sector news : Cloud Computing Services
News from SeekingAlpha
05/25 Appian up more than 35% after IPO
05/24 Salesforce to provide apps, CRM platform to Dell customer centers
05/24 Appian Corp. IPO Appears To Be Shaping Up Well
05/24 Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q1 2017 Upda..
05/23 SALESFORCE.COM : Another Quarter, Another Beat And Another Yawn
Financials ($)
Sales 2018 10 286 M
EBIT 2018 1 487 M
Net income 2018 58,7 M
Finance 2018 2 303 M
Yield 2018 -
P/E ratio 2018 1 154,13
P/E ratio 2019 223,55
EV / Sales 2018 6,06x
EV / Sales 2019 4,96x
Capitalization 64 689 M
More Financials
Duration : Period :
salesforce.com, inc. Technical Analysis Chart | CRM | US79466L3024 | 4-Traders
Full-screen chart
Technical analysis trends SALESFORCE.COM, INC.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 103 $
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Marc Russell Benioff Chairman & Chief Executive Officer
Keith G. Block Vice Chairman, President & Chief Operating Officer
Mark J. Hawkins Chief Financial Officer & Executive Vice President
Parker Harris Chief Technology Officer
Alan G. Hassenfeld Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SALESFORCE.COM, INC.32.68%64 689
NUTANIX INC-33.85%2 516
QUALYS INC34.44%1 576
More Results