Salesforce.com Inc, the subject of takeover speculation for the past few weeks, raised its revenue forecast for the full year, after the cloud software company reported a profit for the first time in seven quarters.Shares of the world's biggest maker of online sales software were up 7.3 percent in extended trading on Wednesday.The company has struggled to earn consistent profits despite strong revenue growth over the past few years as margins waver on higher spending, including on hiring sales personnel who are vital in expanding deferred revenue. "I think what investors will be very enthusiastic about tomorrow is how much margin upside there was," FBR Capital Markets analyst Samad Samana said.
salesforce.com, inc. is a provider of enterprise cloud computing solutions. Shares of CRM fell by 1.85% or $-1.32/share to $70.16. In the past year, the shares have traded as low as $49.62 and as high as $78.46. On average, 5331640 shares of CRM exchange hands on a given day and today's volume is recorded at 9534213.
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