SalesForce Beats Estimates In 4Q
By:
DailyMarkets.com
Posted on February 27, 2012 at 12:01 PM EST
Salesforce.com Inc. (CRM) reported fourth quarter fiscal 2012 adjusted net income of 9 cents per share, well ahead of the Zacks Consensus Estimate of 4 cents. Revenues Revenues in the quarter were $632.0 million, up 38.3% from $456.9 million in the year-ago quarter. However, reported revenues missed the company’s guidance range of $673.0 million to [...]
Salesforce.com Inc. (CRM) reported fourth quarter fiscal 2012 adjusted net income of 9 cents per share, well ahead of the Zacks Consensus Estimate of 4 cents.
Revenues
Revenues in the quarter were $632.0 million, up 38.3% from $456.9 million in the year-ago quarter. However, reported revenues missed the company’s guidance range of $673.0 million to $678.0 million. The company also reported a small forex gain of $2.0 million. Moreover, the company also benefited from a sustained decline in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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