Feeds

Salesforce.com shares jump as it turns in a loss

'Ave that, Microsoft, Oracle

Internet Security Threat Report 2014

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.