Salesforce.com beats by $0.02, beats on revs; guides Q3 EPS in-line, revs above consensus; guides FY16 EPS in-line, revs above consensus
Reports Q2 (Jul) earnings of $0.19 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.17; revenues rose 23.5% year/year to $1.63 bln vs the $1.6 bln consensus.
Cash generated from operations for the fiscal second quarter was $304 million, an increase of 24% year-over-year. Total cash, cash equivalents and marketable securities finished the quarter at $2.07 billion.
Deferred revenue on the balance sheet as of July 31, 2015 was $3.03 billion, an increase of 29% year-over-year, and 33% in constant currency. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the quarter at approximately $6.2 billion, up 24% year-over-year.
Billings were +19.4% y/y
Co issues mixed guidance for Q3, sees EPS of $0.18-0.19, excluding non-recurring items, vs. $0.18 Capital IQ Consensus Estimate; sees Q3 revs of $1.69-1.70 bln vs. $1.68 bln Capital IQ Consensus Estimate. Co issues mixed guidance for FY16, sees EPS of $0.70-0.72, excluding non-recurring items, vs. $0.71 Capital IQ Consensus Estimate; sees FY16 revs of $6.660-6.625 bln (Prior $6.52-6.55 bln) vs. $6.55 bln Capital IQ Consensus Estimate.