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High-tech (en) (7121)

Lambers CPA Review

Mon Nov 18, 2013 16:12 Share

Today after the closing bell Salesforce reported its fiscal third quarter 2014 financial performance, with revenue of $1.08 billion and earnings per share of $0.09. Investors had expected the firm to earn $0.09 on revenue of $1.06 billion.

The company fell more than 3% in regular trading. In after hours, Salesforce is down more than 1%. The company is richly valued – the Wall Street Journal calculates that it is currently trading at around 118 times its forward 12 months earnings per share.

The company’s GAAP diluted earnings per share totalled a negative $0.21 for the quarter. Salesforce has just over $1 billion in cash and equivalents.

To be fair, the company did manage to beat expectations today, but by such a thin margin, I can’t call the above anything more than a meets expectations. That said, the company is raising its fiscal 2014 revenue outlook, which will help its stock price. For its fiscal 2014, Salesforce now expects revenue between $4.050 and $4.055 billion. For its fiscal 2015, Salesforce expects to grow its top line by just over $1 billion with, revenue of $5.15 to $5.20 billion for that period.

Its fiscal third quarter (2014) revenue of $1.08 billion represents growth of 36% year-over-year. Operating cash flow for the period was $138 million, up a slightly more modest 30% year-over-year.

All told, a solid quarter for the quickly growing company, but nothing that will change market perception of the company, and allow it to carry a higher valuation.

This is a developing story, more shortly.

Top Image Credit: Flickr

via High-tech (en) (7121).


Born in 1964, business owner, from Woodbridge, VA, owns ExcitingAds! Inc. ( and blog ( He was born in Mirpurkhas, Sind, Pakistan. His elementary school was ST. Michael's Convent High School, Mirpurkhas, Sind, Pakistan. Graduated high school from ST. Bonaventure's Convent High School, Hyderabad, Sind, Pakistan. His pre-med college was S. A. L. Govt. College, Mirpurkas, Sind, Pakistan. Graduated from Liaquat University of Medical and Health Sciences, Jamshoro, Sind, Pakistan in 1990. Earned equivalency certification from Educational Commission for Foreign Medical Graduates, Philadelphia, PA in 1994.

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