Salesforce.com posts record revenue, small loss
Salesforce.com reported $546 million in revenue in the second quarter of fiscal 2012, a 38% year-over-year increase. However, the company saw a slight net loss of $4.3 million during the period.
Salesforce spent $283 million on sales and marketing in Q2, up 55.2% compared with the prior year. Operating expenses increased 53.6%, compared with the second quarter of 2011, to $440.8 million.
The San Francisco-based CRM company's Q2 subscription and support revenue was $509.3 million, representing 38% year-over-year growth. Professional services and other business accounted for $36.7 million in revenue, an increase of 44.5% compared with the prior year.
Cash generated from operations in the fiscal second quarter was $83 million, a decrease of 9% year-over-year.
Salesforce.com's customer base grew by about 6,300 during Q2 to close at approximately 104,000, up 26% compared with the second quarter of last fiscal year.
Salesforce.com said in May that it will partner with Toyota Motor Corp. to launch “Toyota Friend,” a private social network using Salesforce Chatter, next year. The company also unveiled plans for a new headquarters in June.