Feeds

Salesforce.com shares jump as it turns in a loss

'Ave that, Microsoft, Oracle

Boost IT visibility and business value

Depite posting a loss for its second quarter, shares in Salesforce.com surged 19 per cent on Thursday, as the sales software firm beat Wall Street revenue estimates.

Salesforce.com lost $145,000 on a GAAP basis, compared to a profit of $5m for the same period a year earlier. The firm's P&L shows that the sales surge was outrun slightly by stock option expenses and other spending to fuel growth.

Revenue rose 64 per cent to $118m, topping analyst expectations of around $114m. Non-GAAP earnings per share were $0.06, two cents ahead of predictions.

Salesforce.com CEO Marc Benioff said: "While other software companies talk about an undefined on-demand future with undefined products that may or may not be available at some point in the future, Salesforce...is delivering the promise of on-demand services to nearly 25,000 customers with more than 500,000 subscribers around the world today."

The comment was presumably a dig at Microsoft's CRM software and Oracle's Siebel venture.

The firm netted 57,000 new subscibers to its services in the quarter, up 63 per cent on the Q2 2005 total. ®

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?