Salesforce.com has delivered strong second-quarter results and raised its financial targets for fiscal 2010.
The SaaS (software-as-a-service) pioneer on Thursday reported net income of $21.2m (£12.8m), or 17 cents a share, on revenue of $316m, up 20 percent from a year ago. Wall Street analysts had expected earnings of 15 cents a share on revenue of $312.7m.
In recent months, the company has pushed further into cloud computing, launching a new version of is Force.com cloud-computing platform tailored to Google App Engine and introducing a tool for building websites on Force.com.
In a statement, Salesforce said it had added 3,900 net paying customers to hit a total of 63,200. Net paying customers are up 32 percent from a year ago.
In addition, the company's financial targets were in line with estimates or better than expected. It is projecting third-quarter earnings to be 15 to 16 cents a share, on revenue of $323m to $324m. Financial analysts were looking for earnings of 15 cents a share on revenue of $319m.
For its fiscal year 2010, Salesforce predicts it will see revenue of between $1.27bn to $1.28bn, and its earnings will be 60 to 61 cents a share. Wall Street is expecting earnings of 60 cents a share on revenue of $1.265bn.
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