Salesforce.com: Fiscal Q1 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce.com Inc. (CRM) on Wednesday reported fiscal first-quarter earnings of $1.53 billion.
The San Francisco-based company said it had net income of $1.56 per share. Earnings, adjusted for one-time gains and costs, were $2.44 per share.
The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.38 per share.
The customer-management software developer posted revenue of $9.13 billion in the period, which fell short of Street forecasts. Fifteen analysts surveyed by Zacks expected $9.14 billion.
For the current quarter ending in July, Salesforce.com expects its per-share earnings to range from $2.34 to $2.36.
The company said it expects revenue in the range of $9.2 billion to $9.25 billion for the fiscal second quarter.
Salesforce.com expects full-year earnings in the range of $9.86 to $9.94 per share, with revenue ranging from $37.7 billion to $38 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CRM">Zacks stock report on CRM at https://www.zacks.com/ap/CRM
