diff --git a/php-mode-test.el b/php-mode-test.el
index c8bc1d3b..82872282 100644
--- a/php-mode-test.el
+++ b/php-mode-test.el
@@ -551,4 +551,9 @@ style from Drupal."
     (search-forward "return")
     (should (eq (current-indentation) (* 2 c-basic-offset)))))
 
+(ert-deftest php-mode-test-issue-227 ()
+  "multi-line strings indents "
+  (custom-set-variables '(php-lineup-cascaded-calls t))
+  (with-php-mode-test ("issue-227.php" :indent t :style pear)))
+
 ;;; php-mode-test.el ends here
diff --git a/php-mode.el b/php-mode.el
index bf7c9aab..230840d0 100644
--- a/php-mode.el
+++ b/php-mode.el
@@ -11,7 +11,7 @@
 (defconst php-mode-version-number "1.15.3"
   "PHP Mode version number.")
 
-(defconst php-mode-modified "2015-02-16"
+(defconst php-mode-modified "2015-03-04"
   "PHP Mode build date.")
 
 ;;; License
@@ -868,6 +868,15 @@ This is was done due to the problem reported here:
   "See `php-c-at-vsemi-p'."
   )
 
+(defsubst php-in-string-p ()
+  (nth 3 (syntax-ppss)))
+
+(defsubst php-in-comment-p ()
+  (nth 4 (syntax-ppss)))
+
+(defsubst php-in-string-or-comment-p ()
+  (nth 8 (syntax-ppss)))
+
 (defun php-lineup-string-cont (langelem)
   "Line up string toward equal sign or dot
 e.g.
@@ -876,9 +885,12 @@ $str = 'some'
 this ^ lineup"
   (save-excursion
     (goto-char (cdr langelem))
-    (when (or (search-forward "=" (line-end-position) t)
-              (search-forward "." (line-end-position) t))
-      (vector (1- (current-column))))))
+    (let (ret finish)
+      (while (and (not finish) (re-search-forward "[=.]" (line-end-position) t))
+        (unless (php-in-string-or-comment-p)
+          (setq finish t
+                ret (vector (1- (current-column))))))
+      ret)))
 
 (defun php-lineup-arglist-intro (langelem)
   (save-excursion
@@ -911,12 +923,6 @@ the string HEREDOC-START."
   (string-match "\\w+" heredoc-start)
   (concat "^\\(" (match-string 0 heredoc-start) "\\)\\W"))
 
-(defsubst php-in-string-p ()
-  (nth 3 (syntax-ppss)))
-
-(defsubst php-in-comment-p ()
-  (nth 4 (syntax-ppss)))
-
 (defun php-syntax-propertize-function (start end)
   "Apply propertize rules from START to END."
   ;; (defconst php-syntax-propertize-function
diff --git a/tests/issue-227.php b/tests/issue-227.php
new file mode 100644
index 00000000..56a7d49e
--- /dev/null
+++ b/tests/issue-227.php
@@ -0,0 +1,12 @@
+<?php
+
+/**
+ * GitHub Issue:    https://github.com/ejmr/php-mode/issues/227
+ *
+ * Indentation of multi-line strings
+ */
+
+function my_func() {
+    return "a really long string with = inside " .
+"some more text";   // ###php-mode-test### ((indent 49))
+}