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More on Salesforce.com's FQ3: Deferred revenue (a closely-watched figure) was $918M, up 38% Y/Y...
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Thursday, November 17, 2011, 4:20 PM ETMore on Salesforce.com's FQ3: Deferred revenue (a closely-watched figure) was $918M, up 38% Y/Y but down 2% Q/Q. Free cash flow was $94M, up 77% Y/Y. Company expects FY13 revenue of $2.88B-$2.92B, above $2.79B consensus. Says it will provide FY13 EPS guidance in February. CRM -10.4% AH. (PR)
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It's already not making any money on a GAAP basis and Deferred Revenue gives the best idea of future performance since the operate on a Subscription model.
Any reduction in deferred revenue will eventually translate into a reduction in future revenues.