|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Salesforce.com Revenues for the Q2 2014 rose 31%, to $957 million.
Posted by: Henhill69 (IP Logged)
Date: August 30, 2013 04:40PM
Following is an Excerpt from the Transcript. Full view of Q2 2014 @ [www.earningsimpact.com]
I have really never been so excited about salesforce.com and everything that's going on with the company. And that's why I am so delighted to get on the call with everybody today. We're having an outstanding year of growth and I am absolutely delighted to share our second quarter results right now.
Revenue for the second quarter rose 31% from a year ago to $957 million, and in constant currency revenue grew even faster at 32%. No other software company, that is no other enterprise software company of our size, is growing faster. And deferred revenue rose by more than 30% year over year, finishing the quarter at nearly $1.8 billion, just outstanding.
Operating cash flow exceeded $180 million for the quarter, an increase of more than 30% year over year and the dollar value of booked business on and off the balance sheet now tops 5.6 billion, also up more than 30% year over year.
Stocks Discussed: CRM,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.