==Salesforce.com (CRM) reported earnings Wed 18 Nov 2015 (after close)

** charts before earnings **



** charts after earnings **

Salesforce.com beats by $0.02, reports revs in-line; guides Q4 EPS in-line, revs above consensus; guides FY16 EPS above consensus, revs above consensus; guides FY17 revs above consensus :

• Reports Q3 (Oct) earnings of $0.21 per share, $0.02 better than the Capital IQ Consensus of $0.19; revenues rose 23.7% year/year to $1.71 bln vs the $1.7 bln Capital IQ Consensus.
  • Cash generated from operations for the third quarter was $118 million, a decrease of 4% year-over-year.
  • Deferred revenue on the balance sheet as of October 31, 2015 was $2.85 billion, an increase of 28% year-over-year, and 30% in constant currency. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the quarter at approximately $6.7 billion, up 24% year-over-year.
  • Expanding non-GAAP operating margin by 221 basis points.
• Co issues guidance for Q4, sees EPS of 0.18-0.19, excluding non-recurring items, vs. $0.19 Capital IQ Consensus Estimate; sees Q4 revs of $1.782-1.792 bln vs. $1.78 bln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY16, sees EPS of $0.74-0.75 (Prior $0.70-0.72), excluding non-recurring items, vs. $0.73 Capital IQ Consensus Estimate; sees FY16 revs of $6.64-6.65 bln (Prior $6.000-6.625 bln) vs. $6.62 bln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY17, sees FY17 revs of $8.0-8.1 bln vs. $7.99 bln Capital IQ Consensus Estimate.