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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Beats Expectations And Raises Annual Guidance 0 comments
    Aug 30, 2013 8:36 AM | about stocks: CRM

    Originally published at, Inc. (NYSE:CRM) announced its financial results for the second quarter of fiscal year 2013, reporting revenue and earnings that beat expectations. Revenue increased 31% to $957.1M, well exceeding the $931M to $936M range it had previously forecast. Earnings were $76.6M, or $0.12 per share, which exceeded expectations, prompting the company to raise its third quarter and annual guidance. Last month, Salesforce completed a $2.5B acquisition of ExactTarget, Inc., an online-marketing provider, the largest acquisition the company has completed. While operating expenses increased 34%, the company's gross margin fell slightly from 77.8% to 77.3%. Salesforce expects annual earnings per share between $0.32 and $0.34, with revenues now projected between $4.00B and $4.03B, up from its previously expected $3.95B to $4.00B.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CRM
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