salesforce.com (CRM) Tops Q2 EPS by 1c; Raises Revenue Outlook
salesforce.com (NYSE: CRM) reported Q2 EPS of $0.33, $0.01 better than the analyst estimate of $0.32. Revenue for the quarter came in at $2.56 billion versus the consensus estimate of $2.51 billion.
"We had a phenomenal quarter of growth, reaching a huge milestone for the company, becoming the first enterprise cloud software company to break the $10 billion revenue run rate," said Marc Benioff, chairman and CEO, Salesforce. "We did this faster than any other enterprise software company in history. Our continued momentum as the leader in CRM, the fastest-growing segment of our industry, combined with more than $15 billion in billed and unbilled deferred revenue, puts us well on the path to $20 billion and beyond."
salesforce raises FY 2018 by $100 Million to $10.35 Billion to $10.40 Billion, an increase of 23% to 24% year-over-year and versus the consensus of $10.28 billion. Sees FY 2018 non-GAAP EPS of $1.29-$1.31, versus the consensus of $1.30.
salesforce sees Q3 revenue of $0.36-$0.37, versus the consensus of $0.36.
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