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Thursday, February 28, 2013

Salesforce's $835 million quarterly revenue tops forecasts, (NYSE: CRM), (NYSE: F), (NYSE: TRI), (TSE: TRI.TO)

Salesforce.com Inc reported better-than-expected quarterly sales of $835 million on Thursday, as its cloud-based services continued to sell well despite an uncertain macroeconomic picture.Its shares gained 4.9 percent after hours to $177.50, after closing up 1.4 percent at $169.22 on the New York Stock Exchange.The company, which provides sales and marketing software to companies such as The Coca-Cola Co and Ford Motor Co , has boasted one of the fastest rates of top-line growth in the technology industry, with full-year revenue rising 35 percent from a year ago to $3.05 billion.For its 2014 fiscal year, which began Feb. 1, Salesforce said it expected sales to continue growing to between $3.82 billion and $3.87 billion, in line with Wall Street forecasts of $3.85 billion, according to Thomson Reuters I/B/E/S.

Salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. Shares of CRM traded higher by 1.37% or $2.28/share to $169.22. In the past year, the shares have traded as low as $120.18 and as high as $178.91. On average, 1510480 shares of CRM exchange hands on a given day and today's volume is recorded at 3710337.

Ford Motor Company (Ford) is a producer of cars and trucks. Shares of F fell by 1.18% or $-0.15/share to $12.61. In the past year, the shares have traded as low as $8.82 and as high as $14.30. On average, 51956500 shares of F exchange hands on a given day and today's volume is recorded at 37696964.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.89% or $0.27/share to $30.58. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 877633 shares of TRI exchange hands on a given day and today's volume is recorded at 1161191.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.68% or $0.52/share to $31.51. In the past year, the shares have traded as low as $26.65 and as high as $31.57. On average, 927824 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 863520.



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