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Triple-Digit EPS Gains Give Lift To Salesforce.(B)(NYSE STOCKS IN THE NEWS)
Byline: Paul Whitfield
Salesforce.com has bounced off its 10-week moving average after breaking out in November and running up 40%.
The San Francisco-based company provides on-demand software that is provided via the Internet.
Earnings per share have jumped 150% to 300% the past four quarters, according to Thomson First Call. Sales rose 77% to 84% in the same stretch of time.
The company has turned a profit the past two fiscal years after four years in the red. Analysts see earnings rising 159% in the fiscal year ending this month and 33% the next fiscal year.
Profit margin after-tax has improved from 1.3% in ...
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