Shares of Salesforce.com (NYSE: CRM) were up nearly 8% after hours up to $125/share as their 3rd quarter results beat the street's expectations. The company reported quarterly revenue of $429 million, a 30% year over year increase. This number beat the estimates of $410 million. Operating cash flow was up to 74$ million, up 108% year over year. Earnings per share beat the street by 0.01 at 0.32 compared to estimates of 0.31.
Salesforce.com added 4,800 net new customers in the quarter. Total customers now total 87,200, up 28% year over year.
"The story here is growth growth growth" said Andy Kibbens (Co-CEO of TheMarketsAreOpen). Salesforce continues to over deliver on their promises as they continue to guide higher and exceed those expectations.
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