Salesforce.com buys Salesforce.org for $ 300 million

This article has been updated to include an updated profit.

Salesforce.com Inc.

CRM, -0.39%

buys Salesforce.org – created to deploy Salesforce software at reduced volumes to nonprofits, schools, and other organizations – for $ 300 million. Salesforce.org will switch from a public enterprise to an arm of Salesforce dedicated to the same task, while the purchase price goes to the nonprofit Salesforce.com Foundation. Salesforce said it would continue to "provide free and highly discounted software to nonprofits and educational institutions around the world" while the philanthropic idea in its business constitutes an actual software vertical in the company. Salesforce said it would add $ 1[ads1]50 million to $ 200 million in revenue to its books this fiscal year, but said the transaction once, $ 200 million non-cash burdens reduced its adjusted profit forecast by 20 cents a share for the year. "The effect on GAAP EPS is expected to be more significant than for non-GAAP EPS due to the additional stock-based compensation costs and the impact of other non-cash items, including income tax adjustments," the software company said. Leaders Plan a Conference Call at 2 Pacific Time

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