Americas revenue jumps 31% for as earnings slump in fiscal Q1

Friday, May 20, 2011

Revenues from the Americas increased 31% year-on-year to US$340mn for US on-demand services provider (NYSE: CRM) during its fiscal first quarter, ended April 30, according to information released from the company.

The region represented 67% of global revenues of US$504mn, which were up 34%. In the same period last year, the Americas brought in 69% of the total top line.

But despite the increases, saw net income plunge 97.3% to US$530,000, due mostly to a 48.5% jump in total operating expenses to US$404mn.

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Revenue for the company's full fiscal year 2012 is projected to be in the range of US$2.15bn-2.17bn.

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