Categories
Tech

Salesforce.com (CRM) : Breakout and consolidation

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 ‘11 revenue guidance to $1.6 billion. This is a huge new milestone for Salesforce.com.

As we can see from the chart below, the market responded positively with a gap-up and high volume  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.

Categories
Tech

RightNow (RNOW) : Profit in Q2

RightNow Sees Profit In Q2

http://www.techrockies.com/story/0023155.html

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Key Points:
– Net income of $36k on revenues of $36.3M; previously $3.1M loss on revenue on same quarter last year.
– third consecutive quarter of profitability for the firm.
– profitability was driven by recurring revenue growth and management of its expenses.
– new and renewing customers in Q2 included Belkin, Bowne, Figi’s, Husqvarna, Jackson Hewitt, K2 Network, The Ladders.com, NetScout, Snapfish and TD Banknorth.