Salesforce surpasses profit targets

Salesforce. com, the cloud computing company, is due to report quarterly results next Wednesday. Analysts predict earnings per share of $0.13 (€0.10) and revenues of $1.37 billion(€1.09 billion) .

San Francisco-headquartered Salesforce last issued quarterly earnings on August 21st, reporting $0.13 earnings per share for the quarter and revenue of $1.32 billion (€1.05 billion). This was above the consensus estimate of $1.29 billion in revenues and earnings per share of $0.12.

On average, analysts predict that Salesforce will post $0.52 earnings per share for the current fiscal year, which would be a $0.17 better than last year.

The company recently announced free access to the Salesforce1 platform for all start-ups, as well as free CRM and customer service tools for one year.

Salesforce said start-ups often fail because they lack relevance to customers. The firm said it wants to help young companies focus on customers from day one “to ensure they build and grow successfully”.

“With three major releases a year, we are focused on innovation with new technologies such as Salesforce Wear Developer packs, Service SOS, and Journey Builder for Apps,” the company said. “All of these provide opportunities for early-stage companies to innovate and leverage our ecosystem to achieve success.”

Salesforce is currently recruiting for more than 40 roles at its Dublin office, including customer support, sales, engineering and marketing. The company first established operations in Ireland in 2000.