Sunny Forecast For Cloud Company Lifts Shares


Shares of climbed on Friday making it TheStreet's Move of the Day. The cloud computing developer guided for strong revenue growth through to year-end, citing recent acquisitions such as ExactTarget as a driving factor. The company expects revenue between $5.34 billion and $5.37 billion. The software-as-a-service business also reported better-than-expected second-quarter earnings in what is typically a soft period of the year for the company. In the most recent quarter, Salesforce earned 13 cents a share, a penny higher than expected. Revenue spiked nearly 38% to over $1.32 billion.