Sunny Forecast For Cloud Company Salesforce.com Lifts Shares

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Sunny Forecast For Cloud Company Salesforce.com Lifts Shares

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Sunny Forecast For Cloud Company Salesforce.com Lifts Shares

by TheStreet 0:53 mins

Shares of Salesforce.com 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.

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