Salesforce Revenue Rises but Outlook Disappoints

ENLARGE Salesforce.com’s results are considered a bellwether for the portion of the cloud-computing industry known as software as a service, a sector that offers access to software applications over the internet. Photo: Reuters By Rachael King Updated Aug. 31, 2016 6:29 p.m. ET 0 COMMENTS Salesforce.com Inc. CRM -0.51 % is preparing for growth through acquisitions, as it branches into new areas such as e-commerce and artificial intelligence. But first it must digest some recent deals. Wednesday, the business-software maker posted a 25% increase in second-quarter revenue and swung to a profit, boosted by a gain related to income taxes. But Salesforce offered a disappointing forecast for the current quarter, sending its shares down 6.5% after hours. “We did see some softness at the end of the quarter, primarily in…


Link to Full Article: Salesforce Revenue Rises but Outlook Disappoints