(Adds details, share movement)
May 20 Salesforce.com Inc raised its
full-year forecast after reporting a better-than-expected 37
percent rise in quarterly revenue, helped by higher demand for
its sales and marketing software.
The world's biggest maker of online sales software said it
now expects adjusted earnings of 49-51 cents per share on
revenue of $5.30 billion to $5.34 billion for the year ending
Salesforce.com had earlier forecast adjusted earnings of
48-50 cents per share on revenue of $5.25 billion-$5.30 billion.
Chief Executive Marc Benioff, who shrugged off for years
Wall Street's calls to turn a bigger profit, said in February
that the company would aim to improve margins.
The company's net loss widened to $96.9 million, or 16 cents
per share, in the first quarter ended April 30 from $67.7
million, or 12 cents per share.
Excluding items, it earned 11 cents per share.
Revenue jumped 37 percent to $1.23 billion from $892.6
million a year earlier.
Analysts on an average had expected earnings of 10 cents per
share on revenue of $1.21 billion, according to Thomson Reuters
Unbilled deferred revenue, a critical measure of contracts
closed with business customers, which remain off-balance sheets,
rose 33 percent to $4.80 billion.
San Francisco-based Salesforce.com's shares, which have lost
15 percent of their value in the last three months, were up
almost 3 percent in extended trading at $54.33 on Tuesday.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by