CRM beat, mixed guidance

17:36 CRM Salesforce.com on Conference Call- Asked if Q3 guidance takes into account a softening environment; says they have not seen any softening in their business; demand remains strong (114.06 -12.25) -Update

16:08 CRM Salesforce.com beats by $0.04, beats on revs; guides Q3 EPS in-line, revs above consensus; guides FY12 EPS in-line, revs above consensus (114.06 -12.25)
Reports Q2 (Jul) earnings of $0.34 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.30; Non-GAAP results include a one-time charge of $0.04 per diluted share associated with the legal settlement disclosed in the Form 8-K filed on June 15, 2011; revenues rose 38.6% year/year to $546 mln vs the $528.9 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.30-0.31 vs. $0.31 Capital IQ Consensus Estimate; sees Q3 revs of $568-570 mln vs. $556.82 mln Capital IQ Consensus Estimate. Co issues mixed guidance for FY12, sees EPS of $1.30-1.32 vs. $1.32 Capital IQ Consensus Estimate; sees FY12 revs of $2.22-2.23 bln vs. $2.18 bln Capital IQ Consensus Estimate.

source: briefing.com

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