In the immediate period after it reported its earnings yesterday after the bell, Salesforce slipped around 1 percent. Today, the company closed regular trading up more than 7 percent.
Salesforce is now worth $33.87 billion.
The share price rise comes on the tail of Salesforce’s revenue and earnings beat — $1.32 billion and $0.13 on a non-GAAP basis, respectively — and its slight boost of its fiscal 2015 revenue forecast.
Salesforce lost money on a GAAP basis in the period, a change from the quarter a year ago when it booked both GAAP and non-GAAP profits. The difference between the company’s GAAP and adjusted results is mostly the non-cash impact of stock-based compensation.
Whatever the case, investors are fans of what Salesforce is doing.IMAGE BY Flickr USER Ed Schipul UNDER CC BY 2.0 LICENSE