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[MiamiGent]

Salesforce.com Tops Q1 Expectations, Sets Guidance in Line to Above Street - Shares up 4% in After-Hours

BY Midnight Trader - 4:09 PM ET 05/20/2015



04:09 PM EDT, 05/20/2015 (MT Newswires) -- Salesforce.com (CRM) reported Q1 adjusted EPS of $0.16, two cents ahead of the analyst consensus on Capital IQ. Revenue was $1.51 billion, ahead of expectations of $1.50 billion.

For Q2, the company is forecasting revenue of $1.59 to $1.6 billion, ahead of the Street consensus of $1.58 billion. EPS is targeted at $0.17 to $0.18, vs. expectations of $0.17 per share.

For FY 2016, the company is targeting revenue of $6.52 to $6.55 billion, vs. expectations of $6.51 billion. EPS is seen at $0.69 to $0.71 per share, vs. the Street view of $0.69 per share.

Price: 70.72.80, Change: +2.64, Percent Change: +3.5