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Salesforce, Dick’s Sporting Goods and Airlines: Investments in the Spotlight

Bloomberg Wealth reviews assets that made a splash this week.

A Dick's Sporting Goods Inc. store in Clarksville, Indiana.

A Dick's Sporting Goods Inc. store in Clarksville, Indiana.

Photographer: Luke Sharrett/Bloomberg

Big businesses are ready to spend again and Salesforce.com Inc. is benefitting. Revenue at the customer-relations software maker rose 23% in the second quarter, topping analysts’ predictions. Saleforce shares closed at $267.79 Thursday, their highest level in nearly a year, and were up again on Friday. 

The strong results suggest chief executive officer Marc Benioff’s acquisition strategy is paying off, as more corporate customers augment their Salesforce contracts with products from recently added companies such as Tableau and Mulesoft.