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NEW YORK ( TheStreet) -- (CRM - Get Report) hit a new all-time high Friday, as shares of the software company soared to $134.95 in afternoon trading.

Shares of Salesforce have risen more than 80% since the beginning of the year.

On Thursday, Salesforce reported its third-quarter earnings, raising revenue full-year 2011 forecasts to a range of $1.647 billion to $1.649 billion and adjusted profit to $1.18 to $1.19.

For the third quarter, Salesforce's adjusted profit rose 14% year-over-year to 32 cents a share, while revenue jumped 30% to $429 million.

Analysts had expected a profit of 31 cents a share on revenue of $410.4 million.

--Written by Olivia Oran in New York.

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