Salesforce.com Inc forecast fourth-quarter revenue to come in slightly better than analysts' projections, helped by a strong performance by newly acquired email marketing firm ExactTarget.The San Francisco-based cloud computing company paid $2.5 billion in June for ExactTarget, its most expensive acquisition to date and a sum that has invited scrutiny from investors.But Salesforce executives Monday said they had raised ExactTarget's estimated revenue for the year from roughly $140 million to $180 million, alleviating concerns about the deal.Brian Schwartz, an analyst at Oppenheimer and Co, said ExactTarget's new revenue forecasts topped his own projections by $20 million.
salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. Shares of CRM fell by 3.14% or $-1.8/share to $55.51. In the past year, the shares have traded as low as $36.09 and as high as $57.89. On average, 5143830 shares of CRM exchange hands on a given day and today's volume is recorded at 15146044.
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