Salesforce.com FY Q3 Revs Beat, EPS In Line; Stock Sags
Salesforce.com (CRM) posted revenue for its fiscal third quarter ended October 31 of $330.5 million, up 20 percent year over year, and ahead of the Street at $324.4 million. EPS was in line with estimates at 16 cents.
For FY Q4, the company sees revenue of $340 million to $342 million and EPS of 14-15 cents; the Street has been expecting $334.6 million and 15 cents.
For all of 2010, CRM now sees revenue of $1.292 billion to $1.294 billion, and EPS of 62-63 cents; the Street has been expecting 62 cents.