16:09 CRM Salesforce.com beats by $0.01, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY15 EPS in-line, revs above consensus (52.89 -0.34)
Reports Q1 (Apr) earnings of $0.11 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.10; revenues rose 37.7% year/year to $1.23 bln vs the $1.21 bln consensus.
Deferred Revenue: Deferred revenue on the balance sheet as of April 30, 2014 was $2.32 billion, an increase of 34% year-over-year. Current deferred revenue increased by 37% year-over-year to $2.29 billion. Non-current deferred revenue decreased by 38% year-over-year to $36 million. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the first quarter at approximately $4.80 billion, up 33% year-over-year.
Guidance
As of May 20, 2014, salesforce.com is initiating revenue and EPS guidance for its second quarter of fiscal year 2015. In addition, the company is raising its full fiscal year 2015 revenue guidance and its EPS guidance previously provided on February 27, 2014.
Co issues mixed guidance for Q2, sees EPS of $0.11-0.12, excluding non-recurring items, vs. $0.12 Capital IQ Consensus Estimate; sees Q2 revs of $1285-1290 mln vs. $1.27 bln Capital IQ Consensus Estimate. Co issues mixed guidance for FY15, sees EPS of $0.49-0.51, excluding non-recurring items, vs. $0.49 Capital IQ Consensus Estimate; sees FY15 revs of $5.30-5.34 bln vs. $5.28 bln Capital IQ Consensus Estimate. |
