Salesforce.com Inc raised its fiscal 2014 sales outlook after reporting better-than-expected revenue and earnings on Thursday, reassuring jittery investors that the cloud software company will continue its red-hot growth.The company raised its full-year revenue guidance to between $4 billion and $4.025 billion, in line with Wall Street expectations of roughly $4 billion.The forecast sent shares 8 percent higher after the bell to $47.Salesforce said second-quarter revenue rose 31 percent to $957 million, as demand among corporate customers for cloud-based sales and marketing software remained strong.
salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. Shares of CRM traded higher by 2.03% or $0.87/share to $43.65. In the past year, the shares have traded as low as $34.76 and as high as $47.58. On average, 5804850 shares of CRM exchange hands on a given day and today's volume is recorded at 13138034.
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