U.S.business software maker Salesforce.com Inc posted better-than-expected quarterly results and raised its outlook for the full year, sending its shares up 9 percent on Thursday.
Web-based business software sales are growing briskly, even as most of the industry stalls, as the segment pioneered by Salesforce.com Inc benefits from the weak economy and fading concerns about security.
Salesforce.com Inc.'s said late Wednesday its first-quarter net income rose sharply and raised full-year forecasts, citing increased revenue.
Salesforce.com Inc. and Google announced today an alliance to integrate Google's applications to Salesforce's software for managing sales service, the companies said.
