Salesforce Jumps on Rosy Revenue Forecast After Acquisitions
- Company signed its biggest public-sector deal with USDA
- Cloud offerings in e-commerce, marketing gaining customers
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Salesforce.com Inc. gave a revenue forecast that topped analysts’ estimates, signaling the company’s expensive efforts to expand its software products and customer base may be paying off.
Sales will be as much as $3.23 billion in the current quarter, the San Francisco-based company said Tuesday in a statement. Analysts on average projected $3.1 billion, according to data compiled by Bloomberg. The company also raised its full-year revenue forecast. The shares climbed as much as 4.5 percent to $132.55 Wednesday in New York.