SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce.com Inc. (CRM) on Wednesday reported fiscal second-quarter earnings of $1.89 billion.
The San Francisco-based company said it had net income of $1.96 per share. Earnings, adjusted for one-time gains and costs, were $2.91 per share.
The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.77 per share.
The customer-management software developer posted revenue of $10.24 billion in the period, also topping Street forecasts. Fourteen analysts surveyed by Zacks expected $10.13 billion.
For the current quarter ending in October, Salesforce.com expects its per-share earnings to range from $2.84 to $2.86.
The company said it expects revenue in the range of $10.24 billion to $10.29 billion for the fiscal third quarter.
Salesforce.com expects full-year earnings in the range of $11.33 to $11.37 per share, with revenue ranging from $41.1 billion to $41.3 billion.
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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
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