Salesforce.com soars 17% to an all-time high |
CNNMone - Nov 19, 2010 |
Shares of Salesforce.com soared to a record high Friday morning after the company delivered sales that far exceeded analysts' expectations and a bullish forecast for the current quarter.
Salesforce (CRM) rose 17% to an all-time high of $134.90 a share in morning trading.
Salesforce said late Thursday that its customer base grew by 28% compared last year in the quarter ended Oct. 31, and sales rose 30%. The San Francisco company provides hosted, "cloud" software for corporations, with a focus on customer relationship management (CRM).
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- Posted: 2010-11-19 10:08:09
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