Salesforce Tops Forecasts, Raises Outlook on Software Demand

(Bloomberg) — Salesforce.com Inc. topped analysts’ second-quarter revenue and profit estimates and raised its annual sales forecast, signaling robust demand for the company’s customer-relations software. Shares jumped more than 12% in late trading.In the second quarter, which ended July 31, revenue climbed 29% to $5.15 billion. On average, analysts projected $4.9 billion. Profit before certain items was $1.44 a share; excluding an additional 58-cent gain from investments, that number would have been 86 cents a share. Analysts had predicted 67 cents.Sales will be as much as $5.25 billion in the third quarter, the San Francisco-based company said Tuesday in a …read more

Source:: Yahoo Finance

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