Salesforce.com quarterly revenue rises to $1.08 billion
SAN FRANCISCO, Nov 18 (Reuters) - Salesforce.com Inc on Monday reported quarterly revenue of $1.08 billion, slightly topping analyst expectations of $1.06 billion.
Excluding certain items, the cloud-computing company earned 9 cents per share, in line with expectations of analysts, according to Thomson Reuters I/B/E/S.
Shares of the San Francisco-based company are trading near all-time highs as it, under Chief Executive Marc Benioff, has roughly quadrupled sales in four years. But Salesforce has spent heavily on acquiring new businesses, including a $2.5 billion deal for email marketing firm ExactTarget in June.