Salesforce.com Inc., the top maker of cloud-based customer-relations software, posted a strong gain in quarterly sales and boosted its forecast for annual revenue, a sign businesses have accelerated spending and are buying a broader array of products added through acquisitions.
In the second quarter, which ended in July, revenue rose 23% to $6.34 billion, the San Francisco-based company said Wednesday in a statement. The average analyst prediction was $6.24 billion. Profit rose to $1.48 a share, topping the average estimate of 92 cents. Sales in the current fiscal year will be as much as $26.3 billion, while analysts on average were projecting $26 billion.