Salesforce.com Surges After Revenue Forecast Exceeds Estimates

Salesforce.com Inc. jumped as much as 9.7 percent in late trading yesterday after the company’s revenue forecast topped analysts’ estimates, lifted by a rebound in corporate hiring and a switch to cloud-computing software.

Sales will be $480 million to $482 million in the fiscal first quarter, which ends in April, San Francisco-based Salesforce said in a statement. Analysts in a Bloomberg survey had projected $471.5 million on average.

Salesforce, which helps businesses manage client relationships online, is benefiting as companies hire sales, marketing and support workers. Salesforce also is attracting more users to its newer products, such as the Force.com developer tools, customer-service software, and Chatter, a social network for businesses.

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- Posted: 2011-02-24 23:35:39

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