Salesforce Q2 Sees SaaS Paying Off
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Salesforce.com has long staked its claim on providing an alternative to deployed software. Now, the software-as-a-service (SaaS) pioneer has new reasons to crow: Customers moving to migrate to its CRM and enterprise apps propelled Salesforce to profits and sales ahead of Wall Street estimates. eCRM Guide has the story.
SaaS pioneer Salesforce had no trouble exceeding analysts' estimates in its second quarter today, posting a profit of $14.7 million, or 29 cents a share, excluding one-time charges and expenses.
For the quarter, Salesforce (NYSE: CRM) recorded sales of $394 million, up 25 percent from the $293 million it posted in the year-ago quarter.