Feeds

Salesforce losses swell, despite rise in sales

Soz about the SaaS ...

Top three mobile application threats

Software-as-a-Service pin-up Salesforce.com reported growing losses despite increased sales.

The hosted CRM provider reported a loss of $9.82m on a 34 per cent increase in net sales to $73.6m for the three-month period to 31 July.

Loss per share also increased, up 4 cents to $0.07 on a diluted GAAP basis.

The company used the results to issue its forecast for the full year, coming in below the expectations of analysts. Salesforce expects revenue for the full year of between $773 and $777m, growth of between 32 and 33 per cent.

The company said it expected earnings per diluted share of between $1.48 and $1.51 but on a diluted non-GAAP EPS – excluding certain costs – chief executive Marc Benioff’s company expects to come in in range of $0.31 to $0.32. Wall St's money men had expected $0.34 a share.

The company’s costs are increasing as it adds more staff to sell to the enterprise, against rivals such as Oracle and SAP. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'
Prospects for the future, however, please Wall Street money men
What's a right pain in the ASCII for IBM? Its own leech-like hardware biz
Keep your eyes on our cloud while we remove this pesky thing, say execs
Oracle's Larry Ellison has the MOST MASSIVE PACKAGE IN PUBLIC
Billionaire IT baron earns twice as much as the next in line, Disney chief Bob Iger
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.