Salesforce shares rose to an all-time high Thursday, after the company reported better-than-expected revenue during the quarter and raised earnings estimates for 2016.
Salesforce on Wednesday reported earnings of 21 cents a share and a revenue increase of 24 percent to $1.71 billion, compared with a year ago. The company is on pace to become the fourth largest enterprise software company in the world next year, behind Microsoft, Oracle and SAP, CEO Marc Benioff said on the call.
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Investors Buying In Following Salesforce's Q3 Stunner
Posted by: David Jones November 19, 2015 02:17 PMSalesforce shares rose to an all-time high Thursday, after the company reported better-than-expected revenue during the quarter and raised earnings estimates for 2016.
Salesforce on Wednesday reported earnings of 21 cents a share and a revenue increase of 24 percent to $1.71 billion, compared with a year ago. The company is on pace to become the fourth largest enterprise software company in the world next year, behind Microsoft, Oracle and SAP, CEO Marc Benioff said on the call.