Salesforce.com Jumps After Revenue Forecast Beats Estimates
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Salesforce.com Inc. rose 3.4 percent in New York trading after its 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.