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Salesforce.com Shares Jump After Hours On Strong Q3 Results

Published on November 18, 2010
by Eric Savitz

Salesforce.com shares are trading higher after hours on solid results for its fiscal third quarter ended October 31.

For the quarter, CRM posted revenue of $429 million and non-GAAP profits of 32 cents a share, ahead of the Street at $410.5 million and 31 cents.

For Q4, the company sees revenue of $447 million to $449 million, with non-GAAP EPS of 27-28 cents; the Street consensus has been for $424.8 million and 28 cents.

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