In This Article:
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce.com Inc. (CRM) on Wednesday reported fiscal first-quarter earnings of $1.54 billion.
On a per-share basis, the San Francisco-based company said it had net income of $1.59. Earnings, adjusted for one-time gains and costs, were $2.58 per share.
The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.
The customer-management software developer posted revenue of $9.83 billion in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $9.74 billion.
For the current quarter ending in July, Salesforce.com expects its per-share earnings to range from $2.76 to $2.78.
The company said it expects revenue in the range of $10.11 billion to $10.16 billion for the fiscal second quarter.
Salesforce.com expects full-year earnings in the range of $11.27 to $11.33 per share, with revenue ranging from $41 billion to $41.3 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRM at https://www.zacks.com/ap/CRM