Salesforce Earnings Head for the Clouds
Grazed from TheStreet. Author: Chris Ciaccia.
Expectations for the high-flying Salesforce.com’s second-quarter earnings release, which takes place after the close of the stock market Thursday, are particularly lofty this time around. The shares have rocketed 45 percent this year.
Led by CEO Marc Benioff, Salesforce has become a leader in the cloud computing (learn more) industry, providing software-as-a-service (SaaS) to companies. Salesforce has expanded its social-media offerings, buying Radian6 and recently purchasing Buddy Media for $689 million, as it takes on rivals Oracle [ORCL 31.585 -0.115 (-0.36%) ] and SAP [SAP 64.52 -0.51 (-0.78%) ]. That acquisition closed Aug. 13…


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