Salesforce.com beats by $0.03, beats on revs; guides Q4 EPS in-line, revs above consensus; guides FY18 revs above consensus :
- Reports Q3 (Oct) earnings of $0.24 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.21; revenues rose 25.3% year/year to $2.14 bln vs the $2.12 bln Capital IQ Consensus.
- Subscription and support revenues were $1.98 billion, an increase of 24% year-over-year. Professional services and other revenues were $161 million, an increase of 39% year-over-year.
- Deferred revenue on the balance sheet as of October 31, 2016 was $3.50 billion, an increase of 23% year-over-year, and 25% in constant currency. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the third quarter at approximately $8.6 billion, up 28% year-over-year.
- Co issues guidance for Q4, sees EPS of $0.24-0.25, excluding non-recurring items, vs. $0.25 Capital IQ Consensus Estimate; sees Q4 revs of $2.267-2.277 bln vs. $2.24 bln Capital IQ Consensus Estimate.
- Co issues upside guidance for FY18, sees FY18 revs of $10.10-10.15 bln vs. $10.07 bln Capital IQ Consensus Estimate.
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