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Salesforce Edges Out Earnings Estimates

salesforce.com, inc. (NYSE:CRM) released the earnings results from its second fiscal quarter after closing bell tonight, posting adjusted earnings of 19 cents per share on $1.63 billion in revenue, a 24% year over year increase. Analysts had been expecting earnings of 18 cents per share and $1.6 billion in revenue. In the same quarter last year, the cloud service provider reported earnings of 13 cents per share and $1.32 billion in revenue.

Salesforce's net losses narrow

Salesforce posted flat earnings at 0 cents per share on a GAAP basis compared to last year's loss of 10 cents per share.

The company saw deferred revenue of $3.03 billion, a 29% year over...


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