Salesforce.com Q3 Loss Narrows; Lifts FY14 Outlook - Quick Facts

(RTTNews) - Salesforce.com (CRM), Monday reported third-quarter net loss of $124.4 million, or $0.21 per share, narrower than $220.3 million, or $0.39 per share last year.

Adjusted earnings for the quarter rose to $57.6 million or $0.09 per share, from $49.6 million or $0.08 per share in the comparable quarter last year. On average, 41 analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 36 percent to $1.08 billion from $788.40 million last year, while thirty seven analysts estimated revenues of $1.06 billion for the quarter.

For the fourth quarter, the company expects loss of $0.25 to $0.24 per share, adjusted earnings of $0.05 to $0.06 per share, and revenues of $1.12 billion to $1.13 billion. Analysts currently estimate earnings of $0.07 per share on revenues of $1.06 billion.

For the full year 2014, the company now expects loss of $0.45 to $0.44 per share, adjusted earnings of $0.33 to $0.34 and revenues of $4.05 billion to $4.06 billion.

Previously, the company expected loss per share of $0.44 to $0.42 per share, adjusted earnings of $0.32 to $0.34 per share, and revenues of $4.00 billion to $4.03 billion.

Analysts currently expect earnings of $0.34 per share on revenues of $4.03 billion for the full year 2014.

Separately, Salesforce.com and HP (HP) announced a strategic partnership in cloud computing to jointly create the new Salesforce Superpod, a dedicated instance in the Salesforce multi-tenant cloud, running on HP's world-class Converged Infrastructure.

The companies plan to jointly develop and market the Salesforce Superpod to the world's largest enterprises and HP intends to be the first customer to be deployed on a Salesforce Superpod.