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Salesforce.com inc. fiscal Q3 loss narrows YOY

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Salesforce.com inc. fiscal Q3 loss narrows YOY

Salesforce.com, inc. said its normalized net income for the fiscal third quarter ended Oct. 31 came to a loss of 4 cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

The per-share loss decreased 72.2% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $22.6 million, compared with a loss of $77.5 million in the year-earlier period.

The normalized profit margin rose to negative 1.6% from negative 7.2% in the year-earlier period.

Total revenue grew 28.6% year over year to $1.38 billion from $1.08 billion, and total operating expenses grew 19.7% from the prior-year period to $1.41 billion from $1.17 billion.

Reported net income came to a loss of $37.8 million, or a loss of 6 cents per share, compared with a loss of $126.1 million, or a loss of 21 cents per share, in the year-earlier period.