Salesforce.com Inc. (NYSE: CRM) reported second-quarter 2016 results after the markets closed Thursday. The customer relationship management software company posted adjusted diluted earnings per share (EPS) of $0.19 on revenues of $1.63 billion. In the second quarter of 2015, Salesforce.com reported EPS of $0.13 on revenues of $1.32 billion. The Thomson Reuters estimates for the third quarter called for EPS of $0.18 and $1.6 billion in revenue.

On a GAAP basis, the company posted a break-even second quarter. Deferred revenues on the balance sheet totaled $3.03 billion as of July 31st, up 29% year-over-year.

The company guided third quarter revenues to a range of $1.69 to $1.7 billion, an increase of 22% to 23% above the fourth quarter a year ago. GAAP loss per share is estimated in a range of $0.01 to $0.02 and adjusted EPS is estimated at $0.18 to $0.19. The consensus estimates call for EPS of $0.18 on revenues of $1.68 billion.

For the full 2016 fiscal year Salesforce.com estimates a GAAP loss of $0.15 to $0.17 and adjusted EPS of $0.70 to $0.72 on revenues of $6.6 to $6.625 billion. The consensus estimate calls for EPS of $0.71 on revenues of $6.55 billion.

When Salesforce.com first estimated fiscal 2016 results the company forecast full-year revenues of $6.45 to $6.5 billion, while the consensus estimate from analysts called for about $6.66 billion. The company has bettered its own estimate of performance, but is still a bit short of what analysts were originally looking for.

Beating on both expected revenues and earnings will give the stock a jolt that will be intensified somewhat by the improved guidance.

Shares closed at $67.82 today, down nearly 6%, and traded up about 2.3% after-hours at $69.25 in a 52-week range of $51.04 to $78.46. Thomson Reuters had a consensus analyst price target of $80.35 before today’s report.

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