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Salesforce.com inc. fiscal Q1 loss widens 41.3% YOY

Salesforce.com, inc. said its normalized net income for the fiscal first quarter ended April 30 came to a loss of 8 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.

The per-share loss increased 35.8% year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $47.6 million, compared with a loss of $33.7 million in the year-earlier period.

The normalized profit margin declined to negative 3.9% from negative 3.8% in the year-earlier period.

Total revenue increased 37.4% on an annual basis to $1.23 billion from $892.6 million, and total operating expenses climbed 36.8% from the prior-year period to $1.28 billion from $937.2 million.

Reported net income totaled a loss of $98.0 million, or a loss of 16 cents per share, compared with a loss of $70.6 million, or a loss of 12 cents per share, in the prior-year period.