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CRM Salesforcecom CDR CAD Hedged

21.29
-0.67 (-3.05%)
28 Mar 2025 - Closed
Realtime Data
Name Symbol Market Type
Salesforcecom CDR CAD Hedged NEO:CRM NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.67 -3.05% 21.29 21.24 24.38 21.76 21.76 21.76 41,824 20:55:00

TECH STOCKS: Salesforce Gains Highlight Tech-sector's Advance

21/08/2009 3:52pm

Dow Jones News


Salesforcecom CDR CAD He... (NEO:CRM)
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By Rex Crum

Technology stocks were mostly on the rise in early trading Friday, led by big gains from Salesforce.com Inc. after the software company reported a second-quarter profit that exceeded analysts' expectations.

Gains also came from Apple Inc. (AAPL), Microsoft Corp. (MSFT), Cisco Systems Inc. (CSCO) and Adobe Systems Inc. (ADBE). The tech-sector gains helped lift the Nasdaq Composite Index (RIXF) more than 23 points to 2,012.

It was the first time the tech-heavy market gauge climbed above 2,000 since Aug. 14. The Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) were also on the rise.

Salesforce (CRM) shares surged $6.77, or 14.7%, to $52.96 after the company said its second-quarter profit more-than-doubled from a year ago. Salesforce reported earnings of $21.2 million, or 17 cents a share, on revenue of $316.1 million. During the same period a year ago, Salesforce earned $10 million, or 8 cents a share, on $263.1 million in sales.

Dell Inc. (DELL) shares edged up by 4 cents to $14.62. The computer-industry giant is schedule to deliver its second-quarter results on Aug. 28.

One notable decliner was financial software company Intuit Inc. (INTC), which fell $2.02 a share, or 6.6%, to $28.94. Late Thursday, Intuit gave earnings outlook for its 2010 fiscal year which fell below analysts' estimates.

 
 

1 Year Salesforcecom CDR CAD He... Chart

1 Year Salesforcecom CDR CAD He... Chart

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