Salesforce.com Inc (CRM) reported a substantial increase in profit for its first quarter, surpassing Wall Street expectations.
The company posted a net income of $1.53 billion, or $1.56 per share, compared to the previous year’s figures of $199 million, or $0.20 per share.
Excluding special items, Salesforce’s adjusted earnings stood at $2.41 billion, or $2.44 per share.
Analysts, as polled by Thomson Reuters, had anticipated earnings of $2.37 per share, generally excluding special items.
Revenue for the quarter saw an increase of 10.7%, rising to $9.13 billion from $8.25 billion in the previous year.
Key Financial Highlights (GAAP):
- Earnings (Q1): $1.53 billion vs. $199 million last year
- EPS (Q1): $1.56 vs. $0.20 last year
- Revenue (Q1): $9.13 billion vs. $8.25 billion last year
**Guidance:**
- Next quarter EPS: $2.34 - $2.36
- Next quarter revenue: $9.20 - $9.25 billion
- Full year EPS: $9.86 - $9.94
- Full year revenue: $37.7 - $38.0 billion
