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Salesforce.com (CRM): FQ4 EPS of $0.51 beats by $0.11. Revenue of $834.7M (+32% Y/Y) beats by...

Salesforce.com (CRM): FQ4 EPS of $0.51 beats by $0.11. Revenue of $834.7M (+32% Y/Y) beats by $3.9M. Expects FQ1 revenue of $882M-$887M and EPS of $0.40-$0.42 vs. a consensus of $886M and $0.42. Expects FY14 (ends Jan. '14) revenue of $3.82B-$3.87B and EPS of $1.93-$1.97 vs. a consensus of $3.85B and $1.95. Shares +5.2% AH. (PR)
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Comments (6)
  • gkash
    , contributor
    Comments (52) | Send Message
     
    Its just a matter of time before the SEC requires them to restate their earnings to include the real expenses and huge losses. In my opinion, this is one of the most manipulated stocks I have ever seen. The shorts will be rewarded once the SEC does their job or the institutions decide to get out before its to late.
    28 Feb 2013, 05:13 PM Reply Like
  • Paper Street Research
    , contributor
    Comments (143) | Send Message
     
    I agree, why does it trade at such a high valuation? Makes no sense to me.
    28 Feb 2013, 07:07 PM Reply Like
  • jamesbwood
    , contributor
    Comments (307) | Send Message
     
    Because "cloud computing" sounds cool. And is the future. To bad they don't have a moat or a track record of profits. The one thing they have going for them is the most amazing PR/spin team. . . At some point this bubble will burst.
    28 Feb 2013, 09:19 PM Reply Like
  • Doyle3000
    , contributor
    Comments (1366) | Send Message
     
    what was the GAAP loss? I can't find it anywhere. Funny how all of the "financial" reporting doesn't include actual Profit/Loss numbers under Generally Accepted Accounting Principles. What a joke
    28 Feb 2013, 11:12 PM Reply Like
  • vandeley
    , contributor
    Comments (116) | Send Message
     
    GAAP loss was 14 cents a share, and they guided a gap loss of 42c - 44c for Q1 2014
    1 Mar 2013, 04:19 AM Reply Like
  • thomsongn
    , contributor
    Comment (1) | Send Message
     
    I have no position in CRM, but I believe this is trading at such high multiple due to what CEO mentioned on Mad Money. This is a transformation in the way our companies today are trying to reach their customers. The customer personalization that companies are targeting is one of many tool that companies can use to attract more customers. In today's environment, companies will use every tool they can. Additionally, salesforce offers ways to increase the productivity of your workforce, another theme which companies are focusing in on, especially now. Companies are cutting jobs, and those left have to be more efficient than ever before as they are expected to grow revenues with less employees working towards that goal. As I mentioned, I have no position, nor will I initiate one due to the indicated high multiple. However, I do believe the CEO was correct in this transformation. If you actually listen to other company conference calls, you will believe it too. If it pans out as CEO believe it will, who knows what the real value is?
    1 Mar 2013, 07:50 AM Reply Like
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