The Salesforce.com (CRM) growth story continues, after the company’s Q2 earnings beat on revenue that rose more than 30% for the 13th time in the past 14 quarters. Salesforce also revealed plans to expand its business in Europe and launch a new service later this year. Salesforce.com stock was up nearly 5% in early trading in the stock market today, near 58.50. Deutsche Bank raised its price target on the stock to 70 and Pivotal Research raised
Salesforce.com continues to carve growth out of the cloud. The maker of software that enterprises access via the Internet cloud late Thursday posted fiscal Q2 earnings and sales that edged analyst expectations. Its Q3 guidance was a tad below views, but Salesforce (CRM) raised its revenue guidance for the year by $30 million, ahead of analyst estimates. Salesforce.com stock was up 1% in after-hours trading, after releasing results for the quarter
Salesforce.com’s (CRM) steady growth is expected to continue when the company reports its fiscal Q2 earnings after the market close on Thursday, but competition is seen intensifying over the longer term. Salesforce is the No. 1 provider of customer relationship management software, which helps company employees work more efficiently with their customers and partners. The company has grown fast by selling its software as a monthly subscription via