Around the Net
Saleforce.com Misses Q3 Estimate
- Bloomberg, Friday, August 24, 2012 11:45 AM
Salesforce.com forecast third-quarter earnings that missed analyst' estimates. The company is boosting spending on sales and marketing to capture business from companies shifting to software
distributed via the Web. Adjusted profit will be 31 cents to 32 cents a share for the period ending in October, below analysts average forecast of 34 cents. The push to ramp up business has led to an
increase to $4.1 billion in Saleforce.com's backlog of signed contracts it hasn't yet invoiced customers for.
