Salesforce.com Turns To Profit In Q2; Lifts FY14 Revenue Outlook - Quick Facts

(RTTNews) - Salesforce.com (CRM), Thursday reported second-quarter net income of $76.6 million, or $0.12 per share, compared to net loss of $9.8 million, or $0.02 per share last year.

Adjusted earnings for the quarter declined to $56.3 million or $0.09 per share, from $60.7 million or $0.10 per share in the comparable quarter last year. On average, 37 analysts polled by Thomson Reuters expected the company to report earnings of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 31 percent to $957.09 million from $731.65 million last year, while thirty analysts estimated revenues of $939.25 million for the quarter.

For the third quarter, the company expects loss of $0.19 to $0.18 per share, adjusted earnings of $0.08 to $0.09 per share, and revenues of $1.05 billion to $1.06 billion. Analysts currently estimate earnings of $0.07 per share on revenues of $1.04 billion.

For the full year 2014, the company now expects loss of $0.44 to $0.42 per share, adjusted earnings of $0.32 to $0.34 and revenues of $4.00 billion to $4.03 billion.

Previously, the company expected loss of $0.33 to $0.31 per share, adjusted earnings of $0.47 to $0.49 per share, and revenues of $3.84 billion to $3.88 billion.

Analysts currently expect earnings of $0.33 per share on revenues of $3.99 billion for the full year 2014.