Major surprises at Salesforce unlikely

Cloud computing company Salesforce. com is due to report third quarter earnings on Wednesday, with no major surprises expected.

Analysts are forecasting earnings per share of $0.05, up 350 per cent or $0.07 from last year’s $-0.02 per share. Analysts expect that salesforce.com will report full-year earnings of $0.16 per share for the current financial year.

Salesforce last announced its earnings results on August 20th. At the time the company reported earnings per share of $0.19 for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $1.63 billion for that quarter, compared to analyst estimates of $1.60 billion.

The US-headquartered company, which employs more than 500 staff in Ireland, reported a profit of $4.1 million for the quarter ended April 30th, compared with a loss of almost $97 million during the same quarter last year. It was the first time in seven quarters the cloud software company reported a profit.

Elsewhere, easyJet is due to report full-year results tomorrow, and analysts are forecasting revenue of £4.71 billion and adjusted net income of £544 million. The airline will also reveal its second-quarter figures, with revenue of £2.95 billion expected, up significantly from first-half revenue of £1.76 billion.

EasyJet’s passenger numbers were 9.7 per cent higher in October than the same month last year, rising from 5.8 million to 6.4 million.

The airline also improved its load factor from 90.9 per cent to 93.3 per cent during the same period.