Salesforce.com results beat Street
This year, Oracle acquired several social marketing companies to compete with Salesforce's new-look product lineup.
Benioff acknowledged to analysts Tuesday that the three companies, which all scrap over business clients, occasionally clash in customer flare-ups but downplayed the threat posed by his two larger rivals.
I think Salesforce is creating some separation between itself and its competitors, said Hernandez from MKM Partners. They just seem one, two, three steps ahead of Oracle, SAP and Microsoft.
For the third quarter, ending Oct. 31, Salesforce reported a per-share loss of $1.55 on a non-adjusted basis.
After excluding a one-time tax charge and stock-based compensation costs, the company reported earnings of 33 cents a share, a penny above analyst projections of 32 cents a share, according to Thomson Reuters I/B/E/S.
It reported revenue of $788 million for the quarter; analysts, on average, predicted revenue of $776.5 million.
By the end of the quarter, unbilled deferred revenue, a leading indicator of sales, had risen to roughly $3 billion, up slightly from $2.8 billion at the end of July, the company said.
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