Investors Still Like the Taste of Salesforce’s Kool-Aid

Shares in Salesforce.com, the cloud-based provider of customer relationship management software, are rocking after hours on an earnings report that showed profits falling, but sales picking up–way up.

Salesforce shares soared by more than $10.19, or 7.5 percent, to $146.30 after it reported earnings that fell to $530,000, or break-even on a GAAP basis, versus $17.7 million a year ago. On a non-GAAP basis, profits decreased by 7 percent from the year-ago period to 28 cents, beating the consensus of analysts by a penny.
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Article link, Investors Still Like the Taste of Salesforce’s Kool-A