Salesforce.com Announces Earnings

Salesforce.com (CRM), which provides cloud based software, announced that it earned 33 cents per share, beating analyst estimates by one cent. Revenue increased by 35% to $788 million, while analysts had expected $776.5 million. The company expects earnings of 38 to 40 cents per share for the current quarter on revenue of $825 million to $830 million. Analysts were expecting earnings of 40 cents on revenue of $828 million.