salesforce.com is expected to book a narrower loss than a year ago when it reports second-quarter earnings on Thursday, August 21, 2014. Analysts are expecting a loss of one cent per share, up from a loss of nine cents per share a year ago.
Analysts are projecting a loss of six cents per share for the fiscal year. Revenue is expected to be $1.29 billion for the quarter, 35% higher than the year-earlier total of $957.1 million. For the year, revenue is projected to roll in at $5.34 billion.
Over the last four quarters, the company's revenue rose by an average of 33% year-over-year. The largest growth was in the fourth quarter, when revenue climbed 37% year-over-year.
The majority of analysts (92%) rate salesforce.com as a buy. This compares favorably to the analyst ratings of nine similar companies, which average 51% buys.
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Earnings estimates provided by Zacks.
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