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After Dow inclusion news, Salesforce stock soars on reveal of first $5 billion quarter

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A day after Salesforce.com Inc. was announced as the first cloud-software entry into the Dow Jones Industrial Average, the San Francisco company announced that it had collected $5 billion in quarterly revenue for the first time, sending its stock toward fresh record highs.

Salesforce
CRM,
+3.64%

reported second-quarter net income of $2.63 billion, or $2.85 a share, on revenue of $5.15 billion, up from $4 billion in the year-ago quarter. Adjusted earnings, which excluded a $2 billion tax benefit from changes in Salesforce’s international corporate structure, were $1.44 a share, compared with 66 cents a share in the year-ago period.



Source marketwatch.com

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