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TOP THREE LINKS YOU MUST CLICK ON Cloud Computing News Desk Cloud Computing Salesforce.com Announces Record Fiscal 2Q Results
Milestone for Cloud Industry
Aug. 20, 2008 11:30 PM
Revenue for the period ended July 31 rose to $263.1 million from $176.6 million last year. Analysts were looking for revenue of $260.6 million. "By becoming the first ever software as a service company to achieve an annualized revenue run rate of one billion dollars, our second quarter performance is a milestone for Salesforce.com, and for the cloud computing industry, " said Chairman and Chief Executive Marc Benioff in a prepared statement. "Our largest customers are increasingly becoming the best examples of what is possible using the power of our growing portfolio of software as a service applications and our emerging platform as a service," Benioff said. Additionally, the San Francisco-based provider of on-demand customer relationship management services said it expects third-quarter net earnings of 6 cents to 7 cents on revenue of $273 million to $274 million. Excluding the effect of the InStranet acquisition, the company expects earnings of 8 cents to 9 cents a share. The current consensus estimate is a per-share profit of 9 cents on revenue of $273.2 million for the third quarter. For fiscal 2009, Salesforce said it expects net earnings of 29 cents to 30 cents a share on revenue of $1.07 billion to $1.075 billion. Adjusted earnings are now expected to range from 34 cents to 35 cents a share from the previous estimate of 33 cents to 34 cents a share. LATEST JAVA STORIES & POSTS
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