Marc Benioff reported Salesforce.com results on August 19 with the following quotes:
Second quarter revenue of $394 million rose 25% year-over-year. Even with an annual revenue run rate approaching $1.6 billion, our revenue growth is accelerating. At 25%, second quarter revenue rose at its fastest rate in six quarters and it represents the third quarter in a row in which growth rate has now increased.
Non-GAAP EPS of $0.29 was well above our outlook entering the quarter. GAAP EPS was $0.11.
We also delivered roughly $76 million in operating cash flow, an increase of more than 66% from a year ago. Over the past 12 months, our business has generated more than $340 million of operating cash and we exited the quarter with roughly $1.9 billion of cash, cash equivalents and marketable securities.
Finally, I am pleased today to announce that we are raising the high end of our full year fiscal year â€˜11 revenue guidance to $1.6 billion. This is a huge new milestone forÂ Salesforce.com.
As we can see from the chart below, the market responded positively with a gap-up and high volume Â trades.
Currently, we are seeing some consolidation which is a good sign as the general market is bearish. This suggests the positive outlook for Salesforce.com
We should be able to find a good entry during the consolidation. After which, it should break up to the high side.