Salesforce Jumps as Outlook Quiets Concerns Over Economy
- Company is investing in products, acquisitions to fuel growth
- Forecast for profit, revenue help to push shares higher
Breaking Down Salesforce.com's Numbers
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Salesforce.com Inc. jumped the most in 10 months after it issued a forecast that easily topped estimates, giving investors another sign that the cloud-computing pioneer will be able to weather economic headwinds.
The San Francisco-based company forecast sales for the current quarter and the rest of the fiscal year that topped expectations, and even its own earlier annual outlook. The results came after other tech companies -- from Apple Inc. to Tableau Software Inc. -- signaled economic pressures in their businesses.