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That number is wonky from today's earnings report. According to GAAP rules, CRM's EPS was negative, so their P/E is undefined. http://www.google.com/finance?q
by tatsuke95 15y ago
That number is wonky from today's earnings report.
According to GAAP rules, CRM's EPS was negative, so their P/E is undefined.
http://www.google.com/finance?q=NYSE:CRM http://www.google.com/finance?q=NYSE:CRM
http://www.webpronews.com/salesforce-earnings-company-beats-estimates-2012-02 http://www.webpronews.com/salesforce-earnings-company-beats-...
Probably not the place for this, but I wouldn't touch CRM with a ten-foot pole. Read through the earnings report and look at all the fancy, non-GAAP accounting tricks they use, like booking deferred revenue. Remember when Zynga played those games? Pretty shady, in my opinion.
But, I'm no expert.