Salesforce.com posts record revenue, small loss

Share this article:

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.

Share this article:
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

SAP Ramps Up Canadian Cloud Investment

SAP Ramps Up Canadian Cloud Investment

It's one of 16 new data centers the software company will open this year to meet a 39% increase in demand for cloud services.

Top 5 Spending and Investment Insights from Marketers

Top 5 Spending and Investment Insights from Marketers

Confidence in data-driven marketing led marketers to set high Q1 2014 goals.

MeritDirect Introduces Predictive Marketing Suite

MeritDirect Introduces Predictive Marketing Suite

New solutions include next logical product and customer lookalike modeling. The long-time direct marketing player announces it will open a San Jose office in September.