Shares of salesforce.com, inc. (NYSE:CRM) ended Thursday session in red amid volatile trading. The shares closed down -0.41 points or -0.51% at $79.42 with 10.31 million shares getting traded. Post opening the session at $80.01, the shares hit an intraday low of $78.94 and an intraday high of $80.10 and the price vacillated in this range throughout the day. The company has a market cap of $53.75 billion and the numbers of outstanding shares have been calculated to be 677.50 million shares.
salesforce.com, inc. (CRM) on Aug. 31, 2016 announced results for its second fiscal quarter ended July 31, 2016.
“Second quarter revenue grew 25% in dollars, and 26% in constant currency, propelling Salesforce past the $2 billion quarterly revenue milestone. No other enterprise software company of our size is growing at this pace,” said Marc Benioff, chairman and CEO, Salesforce. “At Dreamforce, you’re going to see the next generation of Salesforce when we unveil Salesforce Einstein, the world’s first comprehensive artificial intelligence platform for CRM. I’ve never been more excited about the innovation happening at Salesforce.”
“Salesforce grew deferred revenue by 26% in dollars, and 27% in constant currency in the second quarter. We also delivered another quarter of year-over-year non-GAAP operating margin improvement, even as we closed our largest acquisition ever with Demandware,” said Mark Hawkins, CFO, Salesforce. “Despite significant FX headwinds which impacted many of our key financial metrics, I’m pleased to raise our top-line guidance for the full fiscal year 2017 to $8.325 billion in revenue at the high end of the range.”
Salesforce delivered the following results for its second fiscal quarter 2017:
Revenue: Total revenue was $2.04 billion, an increase of 25% year-over-year, and 26% in constant currency. Subscription and support revenues were $1.89 billion, an increase of 24% year-over-year. Professional services and other revenues were $151 million, an increase of 33% year-over-year.
Earnings per Share: GAAP diluted earnings per share was $0.33, and was benefited by an approximate $266 million release of a portion of the tax valuation allowance as a result of the acquisition of Demandware. Non-GAAP diluted earnings per share was $0.24.
Cash: Cash generated from operations was $251 million, a decrease of 18% year-over-year. Total cash, cash equivalents and marketable securities finished the quarter at $1.72 billion.
Deferred Revenue: Deferred revenue on the balance sheet as of July 31, 2016 was $3.82 billion, an increase of 26% year-over-year, and 27% in constant currency. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the second quarter at approximately $8.0 billion, up 29% year-over-year. This includes approximately $300 million related to unbilled deferred revenue from the Demandware acquisition.
Shares of Adobe Systems Incorporated (NASDAQ:ADBE) ended Thursday session in green amid volatile trading. The shares closed up +0.31 points or 0.30% at $102.31 with 1.77 million shares getting traded. Post opening the session at $101.66, the shares hit an intraday low of $101.51 and an intraday high of $102.60 and the price vacillated in this range throughout the day. The company has a market cap of $50.83 billion and the numbers of outstanding shares have been calculated to be 498.97 million shares.
Adobe Systems Incorporated (ADBE) operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segments flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The companys Digital Marketing segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, media optimization, digital experience management, cross-channel campaign management, and audience management solutions, as well as video delivery and monetization to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers.