There are surprisingly few signs that equity hedge funds have made big changes to their portfolios following losses.» Read More
Feb 27- Salesforce.com Inc raised its full-year revenue forecast and said it aims to improve its adjusted operating margin, after quarterly revenue grew more than expected on strong sales at ExactTarget, an email marketing firm it acquired in June.
The cloud computing company's stock reversed direction to trade up at $66.40 in extended trading, after closing at $66.20 on the New York Stock Exchange. The San Francisco- based company on Thursday also raised its 2015 revenue forecast to $5.25 billion to $5.3 billion from $5.15 billion to $5.2 billion.
Feb 27- Salesforce.com Inc, the world's biggest maker of online sales software, reported a better-than-expected 37 percent rise in quarterly revenue helped by strong sales at its newly acquired email marketing firm ExactTarget. The company also said Graham Smith, chief financial officer since 2008, will retire in March 2015.
Companies in the news after Thursday's bell:
Salesforce.com is reporting Q4 EPS of $0.07 ex-items on $1.15 billion, with CNBC's Josh Lipton.
In his book "Get Rich Carefully," CNBC's "Mad Money" host explains how spotting long-term megatrends can help investors surf the wave of profitability.
Arizona Gov. Jan Brewer has vetoed a bill that would let businesses refuse service to gay and lesbians on the basis of religious freedom.
Yellen testifies before the Senate Banking Committee Thursday and if she decides to stop using the weather as an excuse for a down economy, watch out.
The Arizona governor has until Saturday to act on a bill that would let businesses refuse service to gays and lesbians.
Mass storage companies get lots of attention in the cloud IPO buzz but may rank second in their own sector.
*EU puts pressure on Switzerland to change rules. Inc is shifting its main European tax base to Ireland from Switzerland, a Reuters examination of company statements and accounts shows, as pressure mounts on the Alpine nation to abolish some corporate tax incentives.
In his new book, "Get Rich Carefully," CNBC's Mad Money host Jim Cramer tells how to find value stocks in hot industry, tech and service sectors.
Not only are these top bosses the best in the business, their company's stock is worth considering, too, Cramer said.
Wednesday's midday movers:
The chief executive of Yahoo said that the Internet company will have more traffic from mobile phones than PCs for the first time in 2014.
Microsoft said it would buy cloud-based software maker Parature, which helps businesses manage help desks and provide other customer support services.
Jan 7- Microsoft Corp said it would buy cloud-based software maker Parature Inc, which helps businesses manage help desks and provide other customer support services. Microsoft did not disclose the terms of the deal.
For investors in internet stocks, it was a banner year. But the gains haven't been anxiety-free,thanks to memories of the 1999 bubble and bust.
SAN FRANCISCO/ NEW YORK, Dec 29- For investors in internet stocks, it was a banner year: shares of many companies doubled as revenue climbed and on forecasts for rip-roaring growth in earnings. Most importantly, this year's stars, such as Facebook and Netflix, actually make money.
Dec 20- Oracle Corp, the world's No. 2 business software maker, said it would buy web-based marketing software maker Responsys Inc for about $1.39 billion to bolster its cloud computing offerings.