17-May-12 16:09 ET In Play Salesforce.com beats by $0.03, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY13 EPS in-line, revs in-line (133.80 -2.78) : Reports Q1 (Apr) earnings of $0.37 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.34; revenues rose 37.8% year/year to $695 mln vs the $678.17 mln consensus.
Deferred revenue on the balance sheet as of April 30, 2012 was $1.33 billion, an increase of 46% on a year-over-year basis. Current deferred revenue increased by 41% year-over-year to $1.26 billion, benefited in part by longer invoice durations. Long term deferred revenue increased by 264% year-over-year to $77 million. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the first quarter at approximately $2.7 billion, up from approximately $2.2 billion at the end of fiscal 2012.
As of May 17, 2012, salesforce.com is initiating revenue and EPS guidance for its second quarter of fiscal year 2013. In addition, the company is raising its full fiscal year 2013 revenue and EPS guidance previously provided on February 23, 2012. Co issues in-line guidance for Q2, sees EPS of $0.38-0.39 vs. $0.38 Capital IQ Consensus Estimate; sees Q2 revs of $724-728 mln vs. $713.05 mln Capital IQ Consensus Estimate. Co issues in-line guidance for FY13, sees EPS of $1.60-1.63 (Previously $1.58-1.62), excluding non-recurring items, vs. $1.61 Capital IQ Consensus Estimate; sees FY13 revs of $2.97-3.00 bln (Previous $2.92-2.95 bln) vs. $2.97 bln Capital IQ Consensus Estimate. |
