5 Reasons Salesforce's Stock Is Hitting All-Time Highs
salesforce.com's (NYSE: CRM) stock surged 26% to an all-time high on Wednesday after the cloud services company posted its second-quarter earnings. Let's discuss the five top reasons Salesforce attracted a stampede of bulls.
Salesforce's revenue rose 29% year over year to $5.15 billion during the quarter, beating estimates by $200 million and marking its first quarter of generating over $5 billion in revenue.
Salesforce's core businesses generated double-digit year-over-year growth across the board: Its Sales Cloud revenue grew 13%, its Service Cloud revenue rose 20%, and its Marketing and Commerce Cloud revenue jumped 21%. Its Platform and Other revenue surged 66%, with 41 points of growth coming from Tableau, the analytics firm it acquired just over a year ago.
Source Fool.com
