Salesforce.com beats by $0.02, beats on revenue


Salesforce.com (CRM): Q2 EPS of $0.09 beats by $0.02.

Revenue of $957M beats by $18.5M. Shares +7.06% AH. (PR)

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Comments (12)
  • stanny2
    , contributor
    Comments (13) | Send Message
     
    Tax valuation allowance. Crafty...
    29 Aug 2013, 04:10 PM Reply Like
  • Doyle3000
    , contributor
    Comments (1798) | Send Message
     
    i'm at work, didn't get to see what they lied about this time. What's the tax valuation allowance? And did it contribute to top line growth or just their manufactured non-GAAP smoke and mirrors show?
    29 Aug 2013, 04:22 PM Reply Like
  • ReligiousWacko
    , contributor
    Comments (1780) | Send Message
     
    even better, its GAAP smoke and mirrors ...
    29 Aug 2013, 04:23 PM Reply Like
  • stanny2
    , contributor
    Comments (13) | Send Message
     
    Incredible growth....of goodwill!
    29 Aug 2013, 05:12 PM Reply Like
  • ReligiousWacko
    , contributor
    Comments (1780) | Send Message
     
    thats what happens when you spend 2.5b on another worthless company..
    29 Aug 2013, 05:21 PM Reply Like
  • Zeus2012
    , contributor
    Comments (713) | Send Message
     
    I thought CRM paid cash for the latest acquisition which is why it traded down to around $36.
    29 Aug 2013, 06:30 PM Reply Like
  • ReligiousWacko
    , contributor
    Comments (1780) | Send Message
     
    Zeus: yes, they paid cash. Since target had basically no book value, the price paid beyond book value ( i.e. all of it ) becomes goodwill on CRM's balance sheet.
    29 Aug 2013, 07:06 PM Reply Like
  • imac007
    , contributor
    Comments (670) | Send Message
     
    Sour grapes from short sellers??
    29 Aug 2013, 05:23 PM Reply Like
  • SKS1586
    , contributor
    Comments (545) | Send Message
     
    Sour grapes from short sellers??
    Yes BUT for ONLY few days or weeks or months ONLY. Then Sour Grapes will turn into awesome WINE.
    29 Aug 2013, 08:32 PM Reply Like
  • imac007
    , contributor
    Comments (670) | Send Message
     
    The whine is already there. It may be a long wait for shorts to get back to even, if at all.
    I think the shorts experienced a wedgie.
    30 Aug 2013, 02:25 PM Reply Like
  • Doyle3000
    , contributor
    Comments (1798) | Send Message
     
    we did, I always think "this quarter will be the one" and like Charlie Brown trying to kick the football, Lucy (B.T. Benioff) pulls it away. He is one crafty con man. But I have seen this movie so many times I know to keep my short in place (and sell puts while I wait).

     

    the Exact Target all cash purchase to keep the top line growing was the definition of a desperate move. they could not afford to pay $2.5b cash for such a tiny revenue stream.

     

    it's just a matter of time imac007. hope you don't get a wedgie
    31 Aug 2013, 10:11 AM Reply Like
  • Art Rimbaud
    , contributor
    Comments (46) | Send Message
     
    Any chance that revenues will be broken out by organic and acquired growth? (Fat chance...)

     

    Meanwhile, GAAP EPS loss forecast has grown an "amazing" 148% to a split-adjusted -$1.86 per share from last year! (Are the bears the only ones that can do basic math?) That's truly worthy of being a lead bullet point on the press release.

     

    If revenue is the only metric that counts, I foresee a lot more unprofitable business acquisitions (and goodwill impairments) in CRM shareholders' futures...
    29 Aug 2013, 11:52 PM Reply Like
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