salesforce

Salesforce just posted its Q2 2012 earnings today, posting record quarterly revenue of $546 million, which is up 38% Year-Over-Year. Non-GAAP diluted earnings per share increased 3% year-over-year to $0.30. Analysts expected EPS of $0.30 and $529 million for revenue.

Subscription and support revenues were $509 million, an increase of 38% on a year-over-year basis. Professional services and other revenues were $37 million, an increase of 44% on a year-over-year basis.

Q2 GAAP net loss per share was ($0.03), which includes a one-time charge of $0.04 per diluted share associated with the legal settlement over a California state wage and hour lawsuit. The company’s non-GAAP results exclude the effects of approximately $55 million in stock-based compensation expense, approximately $19 million in amortization of purchased intangibles, and approximately $3 million in net non-cash interest expense related to the company’s convertible senior notes.

Salesforce says that it added 6,300 paying customers during the quarter, which brings its total to 104,000 clients using its SaaS products (a quarterly record for the company). Since July 31, 2010, the company added 21,600 net paying customers, an increase of 26% on a year-over-year basis.

Cash generated from operations for the fiscal second quarter was $83 million, an increase of 9% on a year-over-year basis. Total cash, cash equivalents and marketable securities finished the quarter at approximately $1.3 billion.

The company is raising its guidance for Q3, projecting revenue to be $568 million to approximately $570 million. Revenue for the company’s full fiscal year 2012 is projected to be in the range of approximately $2.22 billion to approximately $2.23 billion.





Resources
Post Your Resume to 65+ Job Sites
Resume Service

Post to Twitter Tweet This Post