King Benioff Posts 43% Revenue Jump In Q3
by Jason Wilk on November 20, 2008
- Salesforce.com announced a 43 percent increase in third quarter revenues, beating Wall Street’s expectation
- The stock (CRM) rose 10.8 percent in after hours trading to $25.30, up over 5%
- Q3 revenues reached $276M for the period ending Oct. 31, fueled by growth in its subscription and support business.
- Wall Street expectations put estimated Salesforce.com to generate $273.5 million, according to Thomson Reuters.
- King Benioff must be pleased.
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