Wednesday, March 6, 2013

Salesforce: Record Earnings, Continuing Losses

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Salesforce reported QE January 2013 financial results on February 28

The Salesforce Anomaly: Record Earnings And Ongoing Losses

Enterprise cloud computing leader Salesforce (CRM) reported record Non-GAAP earnings per share ($0.51) and a 7th consecutive GAAP loss per share (-$0.14) for the quarter ending January 2013. Revenues and gross profit were also a record. CEO and cloud visionary Marc Benioff saw Salesforce conclude a "spectacular finish to its fiscal year" and then a CRM stock pop of +7.55% the next day. Read more and see the charts at Seeking Alpha.

About Salesforce

Founded in 1999, is the enterprise cloud computing leader. Using’s social and mobile cloud technologies, companies can connect with customers, partners and employees in entirely new ways. Based on's real-time, multitenant architecture, the company's platform and apps give customers the tools to create a social front office and revolutionize the way they sell, service, market, collaborate, work and innovate.

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