Courtesy of Benzinga.
Shares of Salesforce.com (NYSE: CRM) are trading lower in the after-hours following the release of the company’s Q3 earnings results. Currently, shares are lower by 9.98%, trading at $113.51; they ended the regular session lower by 4.30%, at $126.09.
Salesforce.com reported Q3 EPS of $0.34 on revenues of $584.3 million; the Street was looking for $0.31 per share on revenues of $571.94 million. Revenues increased 36.2% year over year.
“Salesforce.com is the first enterprise cloud computing company to exceed a $2.3 billion annual revenue run rate,” said Marc Benioff, Chairman and CEO, salesforce.com.
“And today, we’re excited to announce that we expect to reach a $3.0 billion annual revenue run rate during our fiscal year 2013.”
The company sees Q4 EPS in the range of $0.39-0.40 on revenues of $620-624 million; the Street was at $0.40 per share on revenues of $609.74 million.
Salesforce.com, Inc. is a provider of enterprise cloud computing applications. The company provides a customer and collaboration relationship management, service to businesses of all sizes and industries worldwide and provides a technology platform for customers and developers to build and run business applications.
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