Salesforce Q1 Earnings: Revenue $893 Million, EPS $0.10

Posted on May 24 2013 - 12:02pm by Editorial Staff

Salesforce

The CRM platform company Salesforce has reported its first quarter 2014 earnings with revenue for the quarter was $893 million, an increase of 28% on a year-over-year basis while subscription and support revenues were $842 million, an increase of 29% year on a year-over-year basis. Professional services and other revenues were $50 million, an increase of 25% on a year-over-year basis.

The GAAP earnings per share reported for the quarter was ($0.12) while non-GAAP diluted earnings per share was $0.10. The company further reported the operating cash flow was of $283 million, up 33% Year-Over-Year while it raises fiscal year revenue guide to $3.835 – $3.875 Billion.

“Salesforce.com delivered another quarter of strong growth, with constant currency revenue, deferred revenue, and operating cash flow all growing 30% or more year over year,” said Marc Benioff, Chairman and CEO, salesforce.com. “Salesforce.com is now the world’s #1 CRM market share leader according to Gartner.”

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