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Salesforce.com (CRM): FQ2 EPS of $0.42 beats by $0.03. Revenue of $731.6M (+34% Y/Y) beats by...

Salesforce.com (CRM): FQ2 EPS of $0.42 beats by $0.03. Revenue of $731.6M (+34% Y/Y) beats by $3.3M. Expects FQ3 revenue of $773M-$777M and EPS of $0.31-$0.32 vs. consensus of $771.3M and $0.34. Expects FY13 (ends Jan. '13) revenue of $3.025B-$3.035B and EPS of $1.48-$1.51 vs. consensus of $3.02B and $1.49. Shares -2.6% AH. (PR)
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Comments (11)
  • Fearful Optimism
    , contributor
    Comments (19) | Send Message
     
    At least report their GAAP guidance as well. This is just extremely misleading.
    23 Aug 2012, 04:13 PM Reply Like
  • Michael Clark
    , contributor
    Comments (8862) | Send Message
     
    They want us only to see the bullish side. Patriotic and all.
    24 Aug 2012, 12:19 AM Reply Like
  • TWagen
    , contributor
    Comments (143) | Send Message
     
    I agree. This companies books are a Ponzi and I would never buy their stock just because of their manner of reporting numbers. Wait until the first hiccup !
    23 Aug 2012, 04:22 PM Reply Like
  • Joe Razorback
    , contributor
    Comments (281) | Send Message
     
    Joke of a company
    23 Aug 2012, 04:23 PM Reply Like
  • ReligiousWacko
    , contributor
    Comments (1230) | Send Message
     
    Benioff and Cramer will be pumping this scam tonight!
    23 Aug 2012, 04:28 PM Reply Like
  • Theodor Trampe
    , contributor
    Comments (25) | Send Message
     
    "Q2 GAAP net loss per share was ($0.07), and non-GAAP diluted earnings per share was $0.42. The company's non-GAAP results exclude the effects of $85 million in stock-based compensation expense, $20 million in amortization of purchased intangibles, and $6 million in net non-cash interest expense related to the company's convertible senior notes."

     

    Apparently expenses aren't expenses!
    23 Aug 2012, 05:13 PM Reply Like
  • ReligiousWacko
    , contributor
    Comments (1230) | Send Message
     
    Even if you use their fantasy numbers, the p/e is over 80! And top line growth is 40% ( which includes revenue from acquisitions ).
    23 Aug 2012, 05:19 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4091) | Send Message
     
    Wow, this stinks like rotten fish. Very creative accounting. Anyhow, looking at the Q/Q revenue growth I would be concerned - this is a momo stock and definitely there is some limping.
    23 Aug 2012, 05:40 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9094) | Send Message
     
    This is actually a really, really solid short candidate. Will look into it...
    23 Aug 2012, 07:34 PM Reply Like
  • jamesbwood
    , contributor
    Comments (307) | Send Message
     
    Yes it is
    24 Aug 2012, 01:55 AM Reply Like
  • TWagen
    , contributor
    Comments (143) | Send Message
     
    Agree.
    24 Aug 2012, 08:41 AM Reply Like
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