Salesforce.com: Fiscal Q1 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce.com Inc. (CRM) on Wednesday reported fiscal first-quarter profit of $199 million.

On a per-share basis, the San Francisco-based company said it had profit of 20 cents. Earnings, adjusted for one-time gains and costs, were $1.69 per share.

The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.

The customer-management software developer posted revenue of $8.25 billion in the period, which also beat Street forecasts. Fourteen analysts surveyed by Zacks expected $8.17 billion.

For the current quarter ending in July, Salesforce.com expects its per-share earnings to range from $1.89 to $1.90. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.27.

The company said it expects revenue in the range of $8.51 billion to $8.53 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $8.06 billion.

Salesforce.com expects full-year earnings in the range of $7.41 to $7.43 per share, with revenue ranging from $34.5 billion to $34.7 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRM at https://www.zacks.com/ap/CRM