Salesforce.com: It's The "Sigh of Relief" Rally

Salesforce.com (CRM) posted Q3 results that were slightly ahead of the Street, and an outlook for Q4 and fiscal 2010 that, while not spectacular, at least did not significantly miss expectations.

For the fiscal third quarter ended October 31, the company posted revenue of $276 million and profits of 8 cents a share; the Street had expected $273.6 million and 7 cents.

For FY Q4 ending in January, CRM sees revenue of $284 million to $285 million, and profits of 6-7 cents a share. The Street had been looking for $289.7 million and 7 cents.

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