Shares of Salesforce appear on Investing.com’s earnings growth indication

Salesforce (NYSE: ) reported better-than-expected second-quarter results and raised its full-year profit estimates, sending its shares up 2% in after-hours trading.

The cloud-based software company posted adjusted earnings per share of $2.56, beating analysts’ estimates of $2.35. Revenue for the quarter was $9.33 billion, beating the consensus forecast of $9.22 billion and representing an increase of 8% year-over-year, or 9% in constant currency.

Revenue from subscriptions and support, which make up the bulk of Salesforce’s business, rose 9% from last year to $8.76 billion. The company’s current remaining performance obligation, a measure of future contract revenue, rose 10 percent from last year to $26.5 billion.

“In Q2, we delivered strong revenue, cash flow, margin and cRPO performance and increased fiscal year non-GAAP operating margin and cash flow growth guidance,” said Marc Benioff, chairman and CEO of Salesforce.

For the third quarter, Salesforce expects revenue of $9.31 billion to $9.36 billion, slightly below analysts’ consensus estimates of $9.41 billion. The company maintained its full-year revenue guidance of $37.7 billion to $38.0 billion.

In other news, Salesforce raised its full-year adjusted EPS forecast to $10.03-$10.11, up from its previous outlook and above the analyst consensus of $9.89.

The company also raised its operating cash flow growth guidance to 23% to 25% per year.

Amy Weaver, president and CFO, emphasized the company’s focus on profitability, noting, “We continue to deliver disciplined and profitable growth, and this quarter, operating margins closed at record highs.”

Weaver will step down as president and chief financial officer of Salesforce. She will remain CFO until a successor is named.