Salesforce.com Slumps on Outlook, ChannelAdvisor Stabilizes After Debut
NEW YORK (TheStreet) -- SaaS cloud computing leader Salesforce.com
The company produced second-quarter guidance of 11 cents to 12 cents a share, in line with estimates, on revenue of $931 million. Analysts, on average, according to Thomson Reuters were forecasting second-quarter revenue of $934.55 million.
Salesforce.com predicted fiscal year 2014 earnings of 47 cents to 49 cents a share on revenue of $3.835 billion to $3.875 billion, vs. expectations of 49 cents a share on revenue of $3.87 billion.
First-quarter revenue tallied up to $893 million with earnings per share of 10 cents. Analysts were predicting earnings per share of 10 cents on revenue of $887.1 million.
In other cloud developments, shares of cloud-based e-commerce software provider ChannelAdvisor
Shares were up incrementally at $18.46 in afterhours trading.
-- Written by Andrea Tse in New York
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