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Salesforce.com expects 2Q sales above views



By AP
21 May 2008 @ 05:26 pm EST

SAN FRANCISCO - Customer management technology company Salesforce.com said Wednesday it expects its second-quarter sales that would beat Wall Street expectations.

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It anticipates profit of 7 to 8 cents per share on sales in the range of $258 million to $259 million.

Analysts polled by Thomson Financial anticipate profit of 8 cents per share on sales of $250 million.

For the 2007 fiscal year, the company raised its profit estimate to between 33 and 34 cents per share, compared with a previous estimate of between 32 and 33 cents per share.

It expects sales of $1.06 billion to $1.065 million, compared with a previous outlook of $1.03 billion to $1.035 billion. Wednesday's update was the second time the company raised its 2008 sales outlook.

Its full-year profit estimate largely matches Wall Street expectations.

Analysts anticipate profit of 34 cents per share on sales of $1.05 billion.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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