FX.co ★ Salesforce.com Inc Q1 Profit Increases, Beats Estimates

Salesforce.com Inc (CRM) reported a substantial increase in profit for its first quarter, surpassing Wall Street expectations.

The company posted a net income of $1.53 billion, or $1.56 per share, compared to the previous year’s figures of $199 million, or $0.20 per share.

Excluding special items, Salesforce’s adjusted earnings stood at $2.41 billion, or $2.44 per share.

Analysts, as polled by Thomson Reuters, had anticipated earnings of $2.37 per share, generally excluding special items.

Revenue for the quarter saw an increase of 10.7%, rising to $9.13 billion from $8.25 billion in the previous year.

Key Financial Highlights (GAAP):

- Earnings (Q1): $1.53 billion vs. $199 million last year

- EPS (Q1): $1.56 vs. $0.20 last year

- Revenue (Q1): $9.13 billion vs. $8.25 billion last year

**Guidance:**

- Next quarter EPS: $2.34 - $2.36

- Next quarter revenue: $9.20 - $9.25 billion

- Full year EPS: $9.86 - $9.94

- Full year revenue: $37.7 - $38.0 billion