iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

$CRM Crushes Earnings, This Company Can Do No Wrong

“Wow what a run this company is experiencing!

Salesforce┬áreported fourth-quarter earnings that blew past analysts’ expectations on Thursday, backed by strong sales of its cloud-based services.

The business-software maker’s shares jumped after the announcement. (Click here for the latest after-hours quote.)

The company posted a net loss for the quarter, which widened to $20.8 million, or 14 cents a share, during the quarter from widening from a loss of $4.08 million, or 3 cents, a share a year earlier.

Excluding items such as a one-time tax charge, the company posted a profit of 51 cents a share, up from 43 cents a share a year ago.

Revenue increased 32 percent to $835 million from $632 million a year ago.

Analysts had expected earnings ex-items of 40 cents a share on revenue of $831 million, according to a consensus estimate from Thomson Reuters….”

Full report

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