This was originally posted at ZDNet's Between the Lines.
Updated: Salesforce.com on Thursday delivered a strong fiscal first quarter, but delivered a mixed outlook where it raised its earnings projections based on cost cutting yet pared its revenue forecast. Meanwhile, Salesforce.com's deferred revenue tally was lower than expected.
Salesforce.com reported fiscal first quarter earnings of $18.4 million, or 15 cents a share, on revenue of $304.9 million, up 23 percent from a year ago. Wall Street was expecting earnings of 11 cents a share on revenue of $304.7 million.
The company said … Read more