Digging Deeper Into Salesforce.com’s Record Earnings This Quarter

CEO Marc Benioff’s Detailed Breakout of Areas where Results Exceeded Expectations

Navi Mumbai, Maharashtra — (SBWIRE) — 09/09/2013 — San Francisco-based Salesforce.com reported outstanding numbers in the second quarter with over 30% growth rates in revenue, deferred revenues and cash flows. At the Q2 2014 earnings call, CFO Graham Smith announced the revised Q3 2014 revenue guidance of $1.05 billion to $1.055 billion versus the $957 million earned in Q2. If achieved, this would be Salesforce’s first quarter breaking through the $1 billion revenue barrier.

CEO Marc Benioff also went on to comment on the results, stating that “Salesforce has always been a catalyst and evangelist for innovation enterprise software. We pioneered the shift to the cloud, to social, to mobile…” He also highlighted the fact that they’ve been recognized for innovation by Forbes Magazine, who have ranked them the most innovative company in the world for the 3rd year in a row. Another recognition was being named by Gartner as the ‘undisputed leader in its Magic Quadrant for Sales Force Automation for the 7th year in a row’.

Later in the Q2 conference he went on to state that ExactTarget, their largest acquisition ever, with its customer platform would enable “companies to bring in customer data from any source and deliver highly personalized digital marketing to any customer across any channel”. Find more on their $2.5 billion all cash purchase of ExactTarget earlier this year over here .

At the Citi 2013 Global Technology Conference this September, Graham Smith highlighted the agreement with Oracle Database wherein they’d have had a 3 year rolling ULA with them and were able to secure a 6-year agreement with two, three year options.

All eyes would be on their Q3 earnings call in a few months, to see if guidance promised is the guidance actually achieved.

Earnings Impact Launches Analyz Thiz

Analyz Thiz helps you understand the correlation between the time when a company’s conference call transcript is available and the effect it has on its stock price at that point in time.

About Editor’s Picks
The latest feature on Earnings Impact is Editor&aposs Picks, where a selection of game-changing transcripts are listed which explain why those companies are in the news.

About Earnings Impact
Earningsimpact.com is the destination for Transcripts of events that could impact stocks and its stakeholders. Transcripts are posted on earningsimpact.com within 2 hours of the live event. Active investors and traders will get access to this vital information much before the market reacts.

For more information on this press release visit: www.sbwire.com/press-releases/digging-deeper-into-salesforcecoms-record-earnings-this-quarter-325989.htm

Media Relations Contact

Sachin Chapke
Telephone: 912227560484
Email: Click to Email Sachin Chapke
Web: earningsimpact.com/

Link to article: www.sbwire.com/press-releases/digging-deeper-into-salesforcecoms-record-earnings-this-quarter-325989.htm

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload the CAPTCHA.