Salesforce.com Beats Q2 Estimates (CRM)

8/20/2009 - Salesforce.com (NYSE:CRM) reported fiscal Q2 EPS of 17 cents, ex-items, topping the consensus estimates of 15 cents per share. Revenues for the quarter rose 20% year-over-year to $316.06 million, ahead of the consensus estimates of $312.54 million. Chairman and CEO Marc Benioff said, "We added 3,900 net new customers, bringing our total to more than 63,000, with our Service Cloud turning in its best quarter ever." The company offered Q3 EPS guidance of 15 cents to 16 cents, vs. the consensus estimates of 15 cents per share and revenues of $323 million to $324 million, vs. the consensus estimates of $318.36 million. For full-year 2010, the company expects to see EPS of 60 cents to 61 cents, vs. the consensus estimates of 60 cents per share and revenues of $1.27 billion to $1.28 billion, vs. the consensus estimates of $1.26 billion.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html

Related terms: ceo, crm, eps, market, nyse, securities