Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More
Salesforce just posted its Q2 2012 profit today, posting a record quarterly revenue of $ 546 million, or 38% for the year. Non-GAAP diluted earnings per share increased by 3% for the year to $ 0.30. Analysts expected EPS of $ 0.30 and 529 million for income.
Subscription and support revenues were $ 509 million, 38% based on year-over-year. Professional services and other revenues were $ 37 million, 44% based on year-over-year.
Q2 GAAP net loss per share was ($ 0.03), which includes a one-time charge of $ 0.04 per share, related to the legal settlement of California State wage and hour claims. Non-GAAP results exclude the effects of the company about 55 million dollars in stock-based compensation expense, about $ 19 million in amortization of acquired intangible assets and approximately $ 3 million in non-cash interest expense related to convertible senior notes.
Salesforce said that it added 6300 clients during the quarter, which brings his total to 104 000 clients using its SaaS products (quarterly record for the company). Since 31 July 2010, the company added 21600 NET client, an increase of 26% from year-over-year.
Income from operations for fiscal second quarter was $ 83 million, 9% from year-over-year. Total cash, cash equivalents and marketable securities finished the quarter at about $ 1.3 billion.
The company is raising its guidance for Q3 revenue forecasting 568 million to about $ 570 million. Generating company full fiscal year 2012, it is planned to be in the range of approximately $ 2.22 billion to approximately $ 2.23 billion.
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