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CRM Salesforcecom CDR CAD Hedged

21.30
0.11 (0.52%)
01 Apr 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
  0.11 0.52% 21.30 20.50 22.00 21.13 21.13 21.13 6,207 21:55:00

TECH STOCKS: Salesforce Gains Lead Strong Day For Tech Stocks

21/08/2009 9:53pm

Dow Jones News


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

Technology stocks followed Salesforce.com Inc. north Friday and a sectorwide rally helped push the Nasdaq Composite Index to its highest close of the year.

The Nasdaq (RIXF) put in a fourth-straight winning performance, climbing more than 31 points, or 1.6%, to close at 2,020. The Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) each rose about 1.7%.

Gains came from Apple Inc. (AAPL), Microsoft Corp. (MSFT), Cisco Systems Inc. (CSCO), Intel Corp. (INTC) and Adobe Systems Inc. (ADBE).

Salesforce (CRM) was the day's big gainer, as the management-software company's shares surged $7.49, or more than 16%, to close at $53.67 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.

A notable decliner was Intuit Inc. (INTC). The financial software company's shares fell $2.23, or more than 7%, to $28.62 after it gave an earnings outlook for its 2010 fiscal year which fell below analysts' estimates.

Dell Inc. (DELL) shares slipped by 6 cents to $14.49. The computer-industry giant is scheduled to deliver its second-quarter results on Aug. 28.

 
 

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