Friday, August 22, 2014

Salesforce.com revenues up as cloud firm outflanks analysts

Salesforce.com revenues up as cloud firm outflanks analysts   Cloud service provider Salesforce.com saw a big year-on-year jump in its Q2 2015 results (38%) to $1.32 billion (about £800 million, AU$ 1.5 billion), one that didn't translate into a big jump in share prices.Salesforce.com's stock briefly sunk in the red after the announcement, probably because analysts were expecting a higher earnings per share (expected, $0.12, achieved $0.13) but recovered later in the day.In pre-market trading, it has reached $56.10 (about £800 million, AU$ 1.5 billion), valuing the company at more than $34.2 billion (about £800 million, AU$ 1. Read more >