North Bergen, New Jersey 2/25/2010 7:44:25 AM
News / Business

Sturdy Gains bring Salesforce.com to build 48% gains in the Fourth Quarter.

Skyrocketing Gains boost Salesforce.com to Wall Street Grand LLC. Hot Stock List.

Salesforce.com, Inc. (NYSE:CRM)  provides customer relationship management (CRM) service to businesses of various sizes and industries worldwide. The company also offers a technology platform for customers and developers to build and run business applications.… Salesforce.com Inc. trades on the “New York Stock Exchange” under the Stock Symbol”CRM”. For the Latest information regarding “CRM”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

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Salesforce.com Inc. (NYSE:CRM) report on Wednesday a 48 percent boost in their fiscal fourth-quarter profit due to sturdy sales growth for its online business software applications. For the three months ended Jan. 31, Salesforce.com said profit boosted to $20.4 million, or 16 cents per share, compared with $13.8 million, or 11 cents per share, in last year's fourth quarter. Revenue shot up 22 percent to $354 million, from $289.6 million a year ago.

Chairman and CEO Marc Benioff said the company is benefiting from the move to cloud computing.

 


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