Inc (CRM.N) reported higher-than-expected quarterly revenue and raised its full-year revenue forecast, driven by higher demand for its web-based sales and marketing software.

Shares of the world’s largest maker of online sales software rose 7.2 percent to $67 in after-hours trading.

Salesforce, seen as a barometer for the cloud-computing sector, has benefited as more businesses choose cheaper and easier cloud software services.

While other companies, including Cisco, said recently that they have noticed some hesitancy on spending among some customers due to uncertain economic conditions, Salesforce executives said that was not their experience in recent weeks.

“Now we read the same newspapers as everybody else,” said Chief Financial Officer Mark Hawkins on a call with analysts, moments after executives discussed new or expanded deals with customers Charles Schwab and Unilever. “We aren’t seeing an economic impact.”

The San Francisco-based company provides its services online, rather than requiring on-site software installations.

Salesforce raised its full-year revenue forecast to $8.08 billion-$8.12 billion from $8.0 billon-$8.1 billion and said it expects adjusted profit of 99 cents to $1.01 per share.

Analysts on average were expecting a profit of 99 cents per share on revenue of $8.08 billion, according to Thomson Reuters I/B/E/S.

Revenue from sales cloud – a suite of software that allows companies to track leads, forecast opportunities and collaborate around any sale – rose 12.3 percent to $708.9 million.

The net loss narrowed to $25.5 million, or 4 cents per share, in the fourth quarter ended Jan. 31, from $65.8 million, or 10 cents per share, a year earlier.

Excluding items, the company earned 19 cents per share, in line with the average analyst estimate.

Revenue rose 25.3 percent to $1.81 billion, above analysts’ estimate of $1.79 billion.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Maju Samuel, Bernard Orr)

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