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CRM Salesforcecom CDR CAD Hedged

20.08
-0.06 (-0.30%)
11 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
  -0.06 -0.30% 20.08 19.88 22.00 19.73 19.73 19.73 4,111 21:59:08

TECH STOCKS: Tech Stocks Follow Salesforce.com Higher

21/08/2009 6:15pm

Dow Jones News


Salesforcecom CDR CAD He... (NEO:CRM)
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From Apr 2020 to Apr 2025

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By Rex Crum

Technology stocks added to their gains in afternoon trading Friday as an advance from Salesforce.com Inc. led the rally 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 25 points to 2,014.

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 each also up about 1.4%.

Salesforce (CRM) shares surged $7.19, or 15.6%, to $53.35 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.

Financial software company Intuit Inc. (INTC) remained in the red and was down by $2.32 a share, or 7.6%, at $28.52. 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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1 Month Salesforcecom CDR CAD He... Chart