Salesforce Stock Up on Better than Expected Earnings Reports


The stock climbed 7.4 percent to $137 after the report. The shares are up 25 percent this year as of Tuesday’s close.

Even after blowing past $10 billion in annual revenue, Salesforce continues to grow well above 20 percent a year by providing a broader suite of products to sales, marketing and services departments at companies that are moving from traditional software to the cloud.

“I don’t think the company’s ever been stronger or been in a better position,” co-CEO Marc Benioff told CNBC’s Jim Cramer in an interview after earnings on “Mad Money.”  “And the reason why is every company that we’re dealing with is going through a huge digital transformation and every digital transformation begins and ends with the customer.”


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